Barr gets Senate nod as Fed’s top Wall Street cop

Published by
Reuters

By David Morgan WASHINGTON (Reuters) – Michael Barr, a former official at the U.S. Treasury, won Senate confirmation Wednesday as the Federal Reserve’s top Wall Street regulator, a role in which he is set to bolster some rules that were eased during the Trump administration. The vote was 66-28, with more than a dozen Republicans joining Democrats in support. Barr fills the last vacancy on the Fed’s seven-member board as the central bank steps up its fight on 40-year high inflation. The Fed has been without a point person on regulation since Randal Quarles, a Trump appointee, left the role last…

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