On January 6, local time, Michael Barr, the Vice Chairman for Supervision of the Federal Reserve, announced that he would step down early on February 28 to avoid legal disputes with incoming President Trump regarding his position. Barr stated in a statement that he would continue to serve as a member of the Federal Reserve Board. The Federal Reserve indicated that there would be no significant rule-making until a new supervisory official is confirmed. (CCTV News)
美联储监管副主席迈克尔·巴尔宣布辞职
Michael Barr, the Vice Chairman for Supervision of the Federal Reserve, announced his resignation.
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