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Senate panel advances Barr as head of Fed’s bank oversight -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This is the Federal Reserve building. The Federal Reserve board will signal its intention to increase interest rates for March. They are focusing on fighting inflation and Washington, U.S.A, January 26 2022. REUTERS/Joshua Roberts/File Photo

WASHINGTON (Reuters), – On Wednesday, the U.S. Senate Banking Committee voted to approve the nomination of Michael Barr as Federal Reserve’s top regulatory officer.

A vote of 17 votes to 7 was cast by the panel for the approval to forward his nomination to full Senate. Barr, if confirmed to the Fed vice chair for supervision would oversee bank oversight.

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