Michael Barr testifies at the Senate Banking, Housing and Urban Affairs at the US Capitol on May 19, 2022 in Washington, DC. Senate Banking, Housing and Urban Affairs held a hearing on the nominations of Michael Barr to be a member and vice-chairman for supervision of the Federal Reserve Board. AFP PHOTO
Washington, United States: Joe Biden's nominee for the role of the top Federal Reserve banking cop on Thursday (Friday in Manila) downplayed the central bank's influence over climate change policies, an issue that torpedoed the US president's first choice for the role.