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Economy - January 6, 2025

How Trump could influence the makeup of the Fed

How Trump could influence the makeup of the Fed

Michael Barr is stepping down as the Federal Reserve's vice chair of supervision next month. He will continue to serve on the Fed's Board of Governors. This leaves President Donald Trump with no immediate opening for a new nomination to the monetary policymaking body. The Fed will not undertake major rulemaking until Barr's successor is confirmed.

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