Biden nominates Michael Barr as Fed Vice Chair for Supervision

Federal Issues Federal Reserve Supervision Biden

On April 15, President Biden nominated Michael Barr to serve as Vice Chair for Supervision of the Federal Reserve. Barr is currently a law and public policy professor at the University of Michigan, and previously served as the assistant secretary for financial institutions in the Treasury Department where he had a key role in the creation of the Dodd-Frank Act. Barr’s nomination comes after Biden’s first nominee for Vice Chair, Sarah Bloom Raskin, withdrew her nomination after facing bipartisan opposition.