Joe Biden To Nominate Michael Barr For Federal Reserve Vice Chair
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US Politics: "Michael brings the expertise and experience necessary for this important position at a critical time for our economy and families across the country," Biden said in a statement.
US President Joe Biden announced Friday his intention to nominate Michael Barr for the key position of vice chair for supervision of the Federal Reserve, one month after his first pick dropped out.
Barr's nomination will have to be confirmed by the Senate.
"Michael brings the expertise and experience necessary for this important position at a critical time for our economy and families across the country," Biden said in a statement.
Currently serving as dean of the University of Michigan's public policy school, Barr also worked at the Treasury Department during the Bill Clinton and Barack Obama administrations.
