Signals of Trump 2.0 going for deregulation? The Vice Chairman of the Federal Reserve in charge of financial regulation will resign early after Trump takes office.

According to the Federal Reserve's statement, Barr's resignation will take effect no later than February 28, and he will continue to serve as a Federal Reserve Governor until the term ends. The statement implies that he is stepping down as Vice Chairman of Supervision more than a year early to avoid potential legal disputes with the Trump administration. The media reports that Barr's decision does not indicate that Powell will also step down from the position of Federal Reserve Chairman early, but it casts a shadow over the prospects of the USA implementing new banking regulations that increase capital requirements.

wallstreetcnJan 7 07:16

To avoid potential conflicts with the Trump administration, the Vice Chairman of the Federal Reserve responsible for bank supervision has resigned.

Michael Barr, the Vice Chairman of the Federal Reserve responsible for bank regulation, will resign from this position on February 28.

Zhitong FinanceJan 7 06:00

Press Release: First Foundation Inc. Announces Fourth Quarter 2024 Earnings Conference Call Details

Dow JonesJan 6 20:03

Mortgage Applications Fall Sharply as Rates Rise

MT NewswiresJan 2 22:53

Down -25.34% in 4 Weeks, Here's Why First Foundation (FFWM) Looks Ripe for a Turnaround

Yahoo FinanceDec 31, 2024 22:35

Next year, the major banks in the USA will usher in a "harvest" year, and every business will "flourish everywhere"?

With the Federal Reserve likely to slow down the pace of interest rate cuts next year, higher rates are expected to expand Banks' net interest margins; incoming USA president Trump is also expected to ease regulations and scrutiny on the financial sector; Analysts surveyed by Institutions generally expect that revenues across all sectors of the world's top Banks (except for FICC Trade) will see the first growth since 2021 next year.

wallstreetcnDec 31, 2024 17:44