Senate approves Michael Barr to Federal Reserve post

Published July 13, 2022 4:39 PM

By CHRISTOPHER RUGABER
AP Economics Writer

WASHINGTON (AP) — The Senate easily approved Michael Barr to be the Federal Reserve’s top banking regulator in a bipartisan vote Wednesday. Barr, a former top Treasury official under President Barack Obama, is the last of President Joe Biden’s three nominees to the Fed’s board of governors to win Senate confirmation. All seven seats on the Fed’s board are now filled, for the first time in roughly a decade, as the central bank tackles the worst inflation in 40 years.

Article Topic Follows: AP National Business

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