Michael Barr, the Vice Chair for Supervision at the U.S. Federal Reserve, announced his resignation today, avoiding a potential confrontation with President-elect Donald Trump. Barr cited concerns over conflicts distracting from the Fed’s mission and expressed his belief that he could contribute more as a member of the board. His departure will enable Trump to select a successor aligned with his regulatory views, with Michele Bowman being a strong candidate for the position. Barr was appointed by outgoing President Joe Biden after the 2008 financial crisis.