Anonymous ID: 77e886 April 18, 2022, 9:04 a.m. No.16099971   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>9981 >>0250 >>0457 >>0550

>>16099934

Biden taps Michael Barr for Fed's bank regulation position

 

President Joe Biden announced Friday he plans to nominate Michael Barr, the dean of the University of Michigan's public policy school, to be the Federal Reserve's vice chairman of supervision.

 

The selection of Barr comes after Mr. Biden's first choice for the Fed post, Sarah Bloom Raskin, withdrew her nomination a month ago in the face of opposition from Republicans and one Democrat, Sen. Joe Manchin of West Virginia. Raskin's critics had argued that she would apply the Fed's regulatory authority to climate change and possibly discourage banks from lending to energy companies.

 

But with Barr, Mr. Biden noted the importance of politics in a Friday statement that said his nominee had previously cleared the Senate on a bipartisan basis.

https://www.cbsnews.com/news/biden-michael-barr-for-fed-bank-regulation/