Bloomberg reports that the Trump administration is exploring the removal of Federal Reserve Governor Michael Barr. The move is seen as an effort to hold Barr accountable over the Fed's external review of the spring 2023 Silicon Valley Bank failure, when he served as Vice Chair for Supervision. Vice Chair for Supervision Michelle Bowman has commissioned an outside review of the bank failure, but the results are not yet available. While the White House has expressed a negative view of using the investigation as grounds for removal, people around Trump have reportedly held informal discussions about ousting Barr. Barr was appointed Vice Chair for Supervision in 2022 under the previous Biden administration and stepped down from that role in February 2025 following Trump's return to the presidency, given Trump's opposition to financial regulation.