According to a report on January 6 by the Wall Street Journal in the USA, Michael Barr, the vice chairman responsible for regulatory affairs at the Federal Reserve, stated on the 6th that he would resign from his role to avoid a potential legal struggle with the incoming Trump administration. Barr said he would resign at the end of February or sooner if Donald Trump appoints a successor. However, he will continue to serve as a member of the Board of Governors of the Federal Reserve until January 2032. The report noted that members of the incoming Trump administration have already criticized the Federal Reserve's aggressive stance on regulating the banking industry. Barr has consistently supported stronger regulation. This difference in stance has led to speculation that Trump might attempt to overturn Barr, while Barr might consider legal action to block Trump. By resigning voluntarily but remaining as a board member, Barr not only avoids a potential legal battle but also reduces the chances of the Trump administration exerting greater control over the Federal Reserve's MMF and regulatory policies. Barr is one of four Democrats appointed as a member of the Federal Reserve Board of Governors. (Reference News)