Federal Reserve Chairman Barr announced that he will resign as Vice Chairman of Supervision on February 28, 2025

According to BlockBeats, on January 7, the Federal Reserve statement showed that Federal Reserve Chairman Barr announced that he would resign as Vice Chairman of Supervision on February 28, 2025.

Barr will continue to serve as a member of the Federal Reserve Board, but does not plan to participate in major rule-making work until a successor to the vice chairman position is determined.