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Michael Barr

Investments / Small Business

Fed’s Powell: More Rate Hikes are Likely This Year to Fight Still-High Inflation

The contrast between the Fed's stated concern over still-high inflation and its decision to skip a rate hike has heightened uncertainty about its next moves. read more >
Michael Barr, the Fed's vice chair for supervision, testifies before the U.S. Senate Banking Committee on March 28, 2023
Banking & Finance / Government & Politics

Fed Faults Silicon Valley Bank Execs, Itself in Bank Failure

The report also points out underlying cultural issues at the Fed, where supervisors were unwilling to be hard on bank management when they saw growing problems. read more >
A man walks into a Silicon Valley Bank branch in Pasadena, California
Banking & Finance

Bank Failures Highlight Declining Deposits

Banks have been slow to pass along better interest rates on traditional accounts to consumers, prompting a shift to money market funds, government bonds or other more lucrative investments. read more >
U.S. Rep. French Hill
Banking & Finance / Government & Politics

French Hill, Other GOP Lawmakers Accuse Fed of Being Lax Before Bank Failure

Regulators have said that Silicon Valley Bank was an "idiosyncratic'' case and that the overall U.S. banking system remains sound. read more >
Banking & Finance / Government & Politics

Fed Official: Bank Rules Under Review in Wake of SVB Failure

Senate Republicans questioned whether new rules were needed and noted that the Fed had had the authority to force Silicon Valley to address its shortcomings. read more >
Michael Barr, the Fed's vice chair for supervision, testifies before the U.S. Senate Banking Committee on March 28, 2023
Banking & Finance / Government & Politics

Fed Official: SVB Itself Was Main Cause of Bank’s Failure

Michael Barr, the Fed's vice chair for supervision, said the bank failed to manage the risk of its bond holdings, which lost value as the Fed raised interest rates. read more >
Public Companies

Five Elected to ATA Board

The new members include FedEx, ArcBest and Tyson executives. read more >
The WeatherBarr facility at 6500 S. Zero St. in Fort Smith.
Construction / Real Estate

Barr Co. Plans $10M Expansion, 100 New Jobs

Window and door manufacturer Harry G. Barr Co. of Fort Smith is planning a $10 million expansion it says could create 100 jobs. read more >