Trump Nominates Michelle Bowman as Federal Reserve Vice Chair for Supervision

Bowman, a current Fed Governor, is expected to bring a lighter regulatory approach, with Senate confirmation anticipated to proceed smoothly.

President Donald Trump has officially nominated Michelle Bowman to replace Michael Barr as the Federal Reserve's Vice Chair for Supervision.
Michael Barr stepped down from the role in February 2025 but remains on the Fed's Board of Governors.
Bowman, a former Kansas state bank commissioner and community banker, has been a Fed Governor since 2018 and is known for opposing stricter banking regulations.
Her nomination aligns with Trump's economic agenda and has drawn strong support from the banking industry, including the American Bankers Association.
The Republican-controlled Senate is expected to confirm her nomination without significant obstacles, paving the way for potential shifts in banking oversight policies.