【Federal Reserve Vice Chairman Barr to Resign, Paving the Way for Trump's Financial Regulatory Reform】Golden Finance reports that Michael Barr, the Federal Reserve's top regulatory official, announced on Monday that he will resign in the coming weeks to clear the way for President-elect Trump to reshape federal banking regulation. Barr has served as the Federal Reserve's Vice Chairman for supervision since 2022, stating that he will resign on or before February 28 if his successor is confirmed. He noted that he will continue to serve as a member of the Federal Reserve Board. Barr has been discussing his options with external legal advisors, and his resignation will avoid a significant legal battle. Barr's term as Vice Chairman for supervision was originally set to end in 2026. However, some Republicans and Trump allies proposed a legally controversial plan to try to remove or demote him, making it easier for Trump to implement his financial regulatory agenda. Barr stated in a statement, 'The risk of a dispute in this position could distract us from our mission.'