HomeNewsWorldSenate panel backs Michael Barr, Joe Biden pick as Fed regulator

Senate panel backs Michael Barr, Joe Biden pick as Fed regulator

A confirmation vote would make him the third of Biden’s nominees to join the Fed’s board and would further solidify the president’s stamp on the central bank. It would also fill the last of seven seats on the board just as the Fed is grappling with the worst inflation spike in four decades.

Reuters

first published: Jun 9, 2022 06:35 am

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Senate panel backs Michael Barr, Joe Biden pick as Fed regulator

A confirmation vote would make him the third of Biden’s nominees to join the Fed’s board and would further solidify the president’s stamp on the central bank. It would also fill the last of seven seats on the board just as the Fed is grappling with the worst inflation spike in four decades.

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