Trump Taps Bowman as Fed's Top Bank Cop in Wall Street Victory
March 17, 2025
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6:56Trump Talks Revamping Kennedy Center; Confirms Putin Call : Full Remarks
2:51Now PlayingTrump Taps Bowman as Fed's Top Bank Cop in Wall Street Victory
YouTube Description
as posted by the channelPresident Donald Trump picked Federal Reserve Governor Michelle Bowman to serve as the central bank’s vice chair for supervision, a move cheered by Wall Street banks and smaller lenders who expect she’ll be friendlier to the industry.
“Miki has been serving honorably on the Fed’s Board of Governors since 2018, and has great expertise dealing with Inflation, Regulation, and Banking,” Trump said in a social media post on Monday.
Bloomberg previously reported that Trump was expected to soon nominate Bowman for the role.
If confirmed by the US Senate, Bowman is expected to support a lighter touch on bank regulation than her predecessor, Michael Barr. She has been a sharp critic of a landmark plan to require banks to hold more capital unveiled in 2023.
Fed Chair Jerome Powell said earlier this year he is optimistic an agreement on the long-awaited plan could be reached “fairly quickly.”
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