Trump to Nominate Michelle Bowman as Federal Reserve's Top Banking Regulator

Bowman, a current Fed governor and vocal critic of stricter bank regulations, is expected to replace Michael Barr as vice chair for supervision.

President Donald Trump is set to nominate Michelle Bowman, a Federal Reserve governor since 2018, as the central bank's vice chair for supervision.
Bowman would replace Michael Barr, a Biden appointee who resigned in February citing potential legal conflicts with the Trump administration.
Known for her opposition to stricter banking regulations, Bowman has criticized proposals requiring big banks to hold more capital and has advocated for reduced regulatory burdens on smaller lenders.
Bowman’s nomination comes as the Fed’s governing board is fully staffed, requiring the selection of a current member for the role.
Before joining the Fed, Bowman served as Kansas' state banking commissioner and held roles in both the financial sector and federal government.