Trump picks Fed Governor Michelle Bowman to replace Michael Barr as Fed's supervision head
- President Donald Trump nominated Federal Reserve Governor Michelle Bowman to replace Michael Barr as vice chair for supervision, expecting Bowman to support relaxed regulations for banks.
- Bowman has criticized previous regulatory efforts and argued for reducing capital burdens.
- Her nomination received praise from the banking industry and Rob Nichols from the American Bankers Association, who commended her sensible approach to regulatory policy.
- If confirmed, Bowman will oversee large banks and implement significant changes to the Fed's stress tests for banks.
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66 Articles
Big Bank Lobbying Groups Celebrate Trump’s Pick for Fed Vice Chair
Last night, President Trump nominated Michelle Bowman as the Federal Reserve’s Vice Chair for Supervision, a key role that oversees the Fed’s regulatory efforts. Bowman’s appointment was yet another gift from the Trump administration to the banking industry, with the American Bankers Association praising her as a “principled voice for sensible regulatory and monetary policy.” In a March interview with Fox News, Goldman Sachs CEO David Solomon sa…
Trump appoints Michelle Bowman as deputy head of federal oversight
US President Donald Trump has appointed Federal Reserve Board of Governors member Michelle Bowman as Vice Chairman for Supervision, the Fed's top supervisory position focusing on banking supervision and regulation.
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