Investing.com — Michael Barr, the Federal Reserve’s vice chairman for oversight, is exploring legal options ahead of possible attempts by President-elect Donald Trump to remove him, Reuters said, citing unnamed sources. This development indicates a possible impending conflict between the new government and the central bank.
Barr, appointed by President Joe Biden as the Fed’s top regulator, recently consulted in a personal capacity with the law firm Arnold & Porter, two sources confirmed. However, further details about Barr’s conversations with the lawyers, including his possible response to any removal attempt, remain unknown.
The Federal Reserve, Arnold & Porter and Trump’s transition team have all refrained from commenting on the matter. Barr himself did not respond to requests for comment.
Barr, whose term as banking supervisor ends in July 2026, previously told Congress he plans to serve out his full term. The sources who discussed Barr’s plans chose to remain anonymous.
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