Central Banks

Michael Barr Plans to Serve Full Term as Fed’s Top Bank Cop

Barr’s term as vice chair for supervision ends in July 2026
Barr also plans to hold off on major rulemaking until 2025

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By Katanga Johnson

November 20, 2024 at 4:32 PM UTC

Updated on

November 20, 2024 at 6:52 PM UTC

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Michael Barr, the Federal Reserve’s top banking cop, said he plans to serve his entire term when questioned about what he would do if President-elect Donald Trump sought to fire him.

“As Chair Powell said, we serve fixed terms of office and I intend to serve my fixed term of office,” Barr told lawmakers on Wednesday.