Michael Barr, vice chair for supervision for the Federal Reserve and the leader of the U.S. effort behind the so-called Basel III endgame proposal to lift capital requirements for banks, said he would step down by Feb. 28, or sooner if a successor is named.

Michael Barr, the vice chair for supervision at the Federal Reserve, said he will leave his post in February, giving President Donald Trump a chance to fill one of the top positions on the powerful central bank.

Michael Barr, vice chair for supervision at the US Federal Reserve, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, March 28, 2023. Michael Barr, the Federal Reserve's top banking regulator, will be stepping down Feb. 28, though he will stay on as governor.

Federal Reserve Vice Chairman for Supervision Michael Barr announced that he will step down from the powerful role in the coming weeks after President-elect Donald Trump enters office. Barr submitted his resignation letter to President Joe Biden on Monday,

Michael Barr will continue to serve on the Federal Reserve’s board of governors, the central bank said Monday.

Trump-picked leaders at the FDIC and OCC along with a new supervisory point person at the Fed may lead to softer crypto regulation.

Erian, chief economic advisor at Allianz and president of Queens’ College at Cambridge University, joins CNBC's 'Squawk Box' to discuss economic outlooks.

Michael Barr, the U.S. Federal Reserve’s Vice Chair for Supervision, has announced his resignation, effective on February 28, 2025, or sooner if a successor is appointed. Barr’s departure follows growing criticism from the crypto community,