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President Donald Trump is set to nominate Michelle Bowman as the Federal Reserve's Vice Chair for Supervision, according to multiple reports from White House officials and financial news outlets. This appointment is expected to position Bowman as the top bank regulator under Federal Reserve Chairman Jay Powell. The move signals a potential shift in the regulatory stance of the Trump administration regarding banking oversight. Bowman's nomination has been confirmed by various sources, including CNN and the Financial Times, and is anticipated to be formally announced soon.
Bowman to the rescue? 10y spreads have been re-widening the past two sessions since a White House official confirmed she is top pick for the vice chair for supervision. https://t.co/JBPRRchPeA
Trump nomme un nouveau « gendarme bancaire » à la Fed https://t.co/7MLGGH5htc
Market Update: Trump Eyes Bowman for Fed Oversight Role, Signaling Regulatory Shift The Trump administration is pushing for a significant shift in banking regulation, with plans to nominate Michelle Bowman as the Federal Reserve’s top bank supervisor. This move aligns with a…