Fed Nominee Michael Barr Has Pressed to Reverse Trump-Era Banking Policies

WASHINGTON — Former Treasury Department official Michael Barr is expected to pursue closer scrutiny of the financial system and reverse some Trump-era policies if he wins confirmation as a banker. head of the Federal Reserve.

Barr, who served in the Obama administration, is expected to face the Senate Banking Committee in a confirmation hearing on Thursday, a setback to a four-year term as Deputy The Fed chair is in charge of oversight. If confirmed by the Senate, he will become the most influential US financial manager and have a voice on monetary policy.

https://www.wsj.com/articles/fed-nominee-michael-barr-has-pressed-to-reverse-trump-era-banking-policies-11652878800?mod=pls_whats_news_us_business_f Fed Nominee Michael Barr Has Pressed to Reverse Trump-Era Banking Policies

Edmund DeMarche

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