Fed governor questions Barr’s regulatory agenda

Michelle Bowman, Federal Reserve Board

Photo: Ann Saphir/Reuters/Alamy

Sharon Thiruchelvam
04 Oct 2022

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A Republican Federal Reserve Board governor has sent “a shot across the bow” to the new vice-chair for supervision Michael Barr, according to progressive sources.

Michelle Bowman criticised policies that market participants expect to find favour under Barr, including increases to capital requirements for large US banks, tougher bank merger policy and new resolution requirements for regional banks.

“We sometimes overlook the significant costs to our economy, and risks to safety and soundness

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