UBS On-Air: Paul Donovan Daily Audio 'Guardrails'
UBS On-Air: Market Moves · Podcast owner
January 7, 20252m 30s
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Show Notes
The resignation of Federal Reserve Vice-Chair Bar highlights the guardrails in protecting central bank independence. While Barr’s resignation from the supervision role might be politically inspired, Barr has not resigned as Fed governor. All seven gubernatorial positions are filled, and a vice-chair of the board of governors needs to be a member of the board of governors. The next term to end is Governor Kugler’s in 2026.