Barr To Step Down As Fed Vice Chair For Supervision

The transcript discusses the resignation of Michael Barr as vice chair for supervision, highlighting its implications for banks and the Basel 3 regulations. It notes that the Fed will not introduce new major bank regulations until a successor is appointed. The transcript also explores market reactions, with bank stocks rising, and speculates on potential successors, such as Mickey Bowman, who may influence future regulatory directions.

What are the potential consequences for financial firms if new major bank regulations are delayed?

Who is Mickey Bowman and what role could she potentially play in the Fed?