Will Fed’s Top Bank Cop Resign To Make Room For Trump Agenda?
Michael Barr has accused Trump of damaging the banking system. Does it make sense for him to stay on as the Fed’s top bank regulator in a new Trump administration?
Michael Barr has accused Trump of damaging the banking system. Does it make sense for him to stay on as the Fed’s top bank regulator in a new Trump administration?
Sen. Bill Hagerty (R-TN) said during a Senate Banking Committee hearing on Tuesday that he found it “damning” that the CEO of Silicon Valley Bank was on the San Francisco Federal Reserve board one day before the bank collapsed.
The Federal Reserve on Monday announced plans to conduct an internal review of the oversight of Silicon Valley Bank (SVB) after the bank’s abrupt failure last week.
President Joe Biden has nominated the Obama-era Treasury staffer Michael Barr to serve as the vice chair for supervision at the Federal Reserve; Barr has defended Dodd-Frank’s Wall Street bailout mechanism.