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The Federal Reserve’s top banking regulator, Michael Barr, will step down as Vice Chair for Supervision next month, paving the way for President-elect Trump to appoint a more bank-friendly replacement. Barr will remain as a Fed governor until 2026, emphasizing his commitment to stability in the financial system. Bank stocks rallied on the news, with the SPDR S&P Bank ETF gaining 1%. Will Trump’s pick reshape U.S. banking regulations? #FederalReserve, #MichaelBarr, #TrumpAdministration, #BankingRegulation, #USFinance, #BankStocks, #FinancialStability, #FedPolicy, #WealthyBusiness, #EconomicNews