That said, Trump has also expressed an interest in having “at least a say” in monetary policy. Then again, in the same hour on Tuesday Trump also called for the U.S. to absorb Canada, seize the Panama Canal and Greenland, and rename the Gulf of Mexico the Gulf of America. All or none of that might come to fruition.
Ahead of Donald Trump taking office, Federal Reserve's top banking regulator has resigned from his role as vice chair of supervision.
Michael Barr, the vice chair for supervision at the Federal Reserve, said he will leave his post in February, giving President Donald Trump a chance to fill one of the top positions on the powerful central bank.
Michael Barr’s sudden decision to step down as the Federal Reserve’s vice chair for supervision has just confirmed what everyone already saw coming: a
Investors absorbed a report that President-elect Donald Trump is considering declaring a national economic emergency to pave the way for proposed tariffs.
Michael Barr is out. The Federal Reserve’s Vice Chair for Supervision has announced he’s stepping down from the top regulatory job, effective February 28. The timing is unmistakably strategic. President Donald Trump,
Michael Barr, the Federal Reserve's top regulatory cop, said he will step down on Feb. 28, in a surprise move that will avert a potentially messy legal fight with President-elect Donald Trump who is now free to replace him with an official of his choosing.
Federal Reserve Vice Chair of Supervision Michael Barr's decision on Monday to resign early from his regulatory oversight role sets up an early test of how Donald Trump will try to shape the U.S. central bank during his second term as president.
The abrupt departure of a top official ensures that questions about the president's ability to chip away at the Fed’s prized independence will linger.
Investors absorbed a report that President-elect Donald Trump is considering declaring a national economic emergency to pave the way for proposed tariffs.
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