The Wall Street Journal, April 15, 2022, Biden to Nominate Michael Barr as Top Fed Banking Regulator
After Ms. Raskin’s and Ms. Omarova’s withdrawals at the hands of Republicans and centrist Democrats in the Senate, some banking experts see Mr. Barr’s nomination as a White House tack toward the center.
“Certainly the political winds have shifted,” said Jesse Van Tol, the president of the National Community Reinvestment Coalition, who supports Mr. Barr’s nomination. “There’s a sense that perhaps there was an overreach in terms of what was possible. I mean, after all, the political calculus is 50 votes in the Senate.”