Biden to Nominate Michael Barr as Top Fed Bank Regulator

“President Biden will nominate Michael Barr, a former Treasury Department official, to serve as the Federal Reserve’s top banking regulator, the White House said, after Mr. Biden’s first pick for the job withdrew amid opposition from Republicans and a key Democratic senator,” the Wall Street Journal reports.

“If confirmed, Mr. Barr would serve as the Fed’s vice chairman for supervision, charged with overseeing the largest U.S. financial firms.”