Barr Departs Fed Panel on Supervision

Former Federal Reserve Vice Chair for Supervision Michael Barr has stepped off the US central bank’s internal governing Committee on Supervision and Regulation, leaving the panel without a chair.

The move leaves Fed Vice Chair Philip Jefferson and Governor Michelle Bowman as the only two members on the committee. Barr, as well as the other six governors on the Fed board, all have a final vote on whatever rule the panel puts out.