Trump Nominates Michelle Bowman as Federal Reserve's Vice Chair for Supervision

Bowman, known for her lighter regulatory stance, is expected to secure Senate confirmation as she replaces Michael Barr in a pivotal banking oversight role.

Michelle Bowman, a current Federal Reserve Governor, has been nominated by President Trump to serve as the Vice Chair for Supervision.
The nomination follows Michael Barr's resignation from the role in February, though he remains on the Federal Reserve Board of Governors.
Bowman is expected to take a less stringent approach to banking regulation, aligning with the Trump administration's deregulatory priorities.
The banking industry has expressed strong support for Bowman, while some Democrats, including Senator Elizabeth Warren, have voiced concerns about potential deregulation risks.
Analysts predict an easy Senate confirmation process, given the Republican majority in the chamber.