Yellen picks top Fed banking regulator as acting comptroller

FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. Treasury Secretary Yellen announced on Friday, May 7, 2021, that she was appointing Michael J. Hsu, a top banking regulator at the Federal Reserve, to be the acting U.S. Comptroller of the Currency. Yellen said that she planned to designate Hsu as first deputy comptroller which will allow him to serve as acting comptroller. (AP Photo/Andrew Harnik, File)