Fed’s Michael Barr Affirms ‘Wait-and-See’ Approach, Talks Crypto, Private Credit — RISMedia

Looking at today’s financial regulations, Federal Reserve Governor Michael Barr, speaking at the Brookings Institution, highlighted a few areas he is worried about in the financial sector and shared his thoughts on the Fed’s current wait-and-see approach.

Barr said he agrees with the Fed’s wait-and-see approach “given that level of uncertainty, changes in policy and uncertainty about how that policy translates into the economy.”

Formerly the Fed’s Vice Chair of Supervision—a role which focuses on oversight and banking regulation—Barr stepped down before President Donald Trump assumed office in January, amid reports that Trump would likely attempt to oust him from the position. That role was recently filled by Michelle Bowman, who was…