Fed’s Barr
Fed vice chair for supervision Michael Barr is nervous. He was appointed in 2022 for a time period that lasts till 2032 however is nervous that Trump could attempt to take away him.
Reuters reviews that he sought recommendation from regulation agency Arnold & Porter.
I am doubt that is significant for markets but it surely does converse to actual worries round Trump and the Fed. It additionally speaks to how strongly he may really feel (or his donors may really feel) about financial institution regulation.
Barr, like Quarles earlier than him, hardly ever weighs in on financial coverage and nearly at all times focuses on regulation and supervision of banks.
