Barr's Coming Stress Test Conundrum

Katie Fallon poised to join Fidelity; Gensler speaks out on crypto

The Senate left town for its July 4 recess without approving Michael Barr to be the Fed’s top bank regulator. But Majority Leader Chuck Schumer did file for cloture – setting up a timetable that should have Barr confirmed shortly after lawmakers return the week of July 11.

As the central bank’s vice chair for supervision, Barr will immediately be thrust …