Chair Jerome Powell is battling to keep control of the Federal Reserve. He and Trump agree on weak regulation. On cheap money policy, Trump is winning.
Michael Barr
Posted inEconomic Policy
Michael Barr Hands the Fed’s Financial Regulation Powers to Trump
The Fed’s vice chair of supervision is stepping down to avoid a fight with the incoming president.
Posted inEconomic Policy
The Fed Caved on Bank Capital
Despite continued failures in the industry, the Fed decided to take orders from bank CEOs.
Posted inEconomic Policy
The Bankers’ Front Groups Fighting Tougher Capital Rules
It’s understandable that Wall Street wants weak rules. Why are so many community groups serving as the banks’ echo chamber?
Posted inEconomic Policy
The Federal Reserve Could Be a Powerful Weapon Against Climate Change
Activists are pushing Fed vice chair Michael Barr and his deputy Kevin Stiroh to force the financial sector to take climate change seriously.
Posted inEconomic Policy
The Federal Reserve Cannot Investigate Itself
There are lots of problems with the review the Fed has announced of supervision and regulation in the wake of the Silicon Valley Bank collapse.
Posted inEconomic Policy
Fed Nominee Michael Barr Discloses 82 Different Fintech Investments
Several of them involve startups in crypto, just as the products are crashing and the need for regulation is more acute than ever.
Posted inEconomic Policy
The Return of Michael Barr
Spurned for high-level positions on several occasions, he enters the conversation for a Fed slot at a time when progressives are wary of more personnel battles.
Posted inCabinet Watch
Deregulatory Trump Official Praises His Potential Successor
Brian Brooks, who ran the OCC under Trump, believes Michael Barr shares his vision on cryptocurrencies.
Posted inCabinet Watch
Fintech Loves This Rumored Biden Nominee
A leading contender to run the Office of the Comptroller of the Currency, Michael Barr, has a particular cheering section among the shadiest of online financial operators.