Trump's Potential Nominees Hint at Regulatory Rollback as Fed's Michael Barr Resigns Early; Michelle Bowman Considered for Vice Chair

Donald Trump has not yet announced his nominees for key positions in Washington’s banking agencies, but potential candidates are indicating a shift towards reduced regulations. Michael Barr, the Federal Reserve's top bank supervisor, is resigning early to evade a legal confrontation with Trump, which reflects a broader trend of the central bank easing its regulatory stance. Trump's advisors are also contemplating a reorganization of the Federal Reserve's leadership, with discussions around promoting Michelle Bowman to the role of vice chair for supervision. This anticipated reshaping of the Fed under Trump’s administration is prompting calls for a reassessment of Wall Street regulations.