Michael Barr, President Biden’s nominee to become the government’s most influential bank regulator, edged closer to being confirmed by the Senate after winning the support of Republican Sen. Pat Toomey
WASHINGTON—Michael Barr, President Biden’s nominee to become the government’s most influential bank regulator, edged closer to being confirmed by the Senate after winning the support of a key Republican.a veteran of the Obama and Clinton administrations
, for a four-year term as the Federal Reserve’s vice chairman of banking supervision. The role is responsible for developing policy recommendations for the Fed board and for overseeing its regulatory staff, which supervises some of the largest U.S. financial firms, including JPMorgan Chase & Co., Bank of America Corp. , and Citigroup Inc.
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