Top Fed Staffer to Resign Over Expected Clash with Trump

Another day, another resignation in Bidenland.

This time, it is Michael Barr, the Feds top banking regulator, who has decided to call it quits.

Barr is reportedly resigning because he believes he will clash with Trump and his administration once he takes over.

Time to Go

Barr will be stepping down next month but with his resignation on the books, don’t be surprised if Trump tries to fire him instead.

There is no sense in having someone in place that you know is looking for conflict.

While giving up his post, Barr is expected to stay on as the Fed governor, with his term in place until 2026.

Barr did not specifically mention Trump, but his resignation made it quite clear that he does not anticipate a peaceful transition with the Trump administration.

He stated, “The risk of a dispute over the position could be a distraction from our mission. In the current environment, I’ve determined that I would be more effective in serving the American people from my role as governor.

“It has been an honor and a privilege to serve as the Federal Reserve Board’s vice chair for supervision, and to work with colleagues to help maintain the stability and strength of the U.S. financial system so that it can meet the needs of American families and businesses.”

Ironically, after Barr made his announcement, bank stocks started to rise in the market.

Rumors started to surface a few months ago that Trump was looking to replace Barr, and they only grew louder after Trump won the election.

Barr was reportedly investigating his legal options in case Trump tried to dismiss him, but it would appear that he came up empty since he submitted his resignation.

But the fact he is holding on for a month after Trump takes office tells me he is actually looking to butt heads with Trump… so this could get interesting in a couple of weeks.