Markets

Fed’s Top Regulator Michael Barr to Resign Early to Avoid ‘Dispute’ Over Role

Investors anticipate a change in regulatory pursuits at the Federal Reserve.
Fed’s Top Regulator Michael Barr to Resign Early to Avoid ‘Dispute’ Over Role
Federal Reserve Board Vice Chair for Supervision Michael S. Barr speaks during a hearing with the Senate Banking Committee on Capitol Hill, on May 18, 2023. Anna Moneymaker/Getty Images
Andrew Moran
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Michael Barr, the Federal Reserve’s vice chair for supervision, confirmed he will step down on Feb. 28 to avoid a distraction over the central bank’s banking regulatory mission.

Barr announced on Jan. 6 that he would resign before his term expires in July 2026. The central bank’s chief regulator plans to remain on the Federal Reserve Board of Governors until January 2032.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."