Source: United States Senator for Delaware Christopher Coons
WILMINGTON, Del. — Today, U.S. Senator Chris Coons (D-Del.) issued the following statement after President Biden’s announcement that he would nominate Michael Barr, Dean of the University of Michigan’s Gerald R. Ford School of Public Policy, to serve as the Vice Chair of Supervision for the Federal Reserve Board:
“Michael Barr is a strong nominee to serve as Vice Chairman for Oversight, a role in which his long experience in financial regulation and public policy will serve the Federal Reserve and our nation well. We have been friends since law school, and I know well his impressive intellect, collaborative spirit, and strong commitment to public service. Michael served on as Assistant Secretary of the Treasury in the Obama Administration and on the National Economic Council in the Clinton Administration, and in both roles advocated effectively for consumer protections and the soundness of our financial system. He has previously been confirmed on a bipartisan basis, and I will urge my colleagues to swiftly confirm him again for this important role.”
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