Trump picks Fed vice chair of supervision, aims to roll back 2023 bank protections
By 
Aaron Nicodemus2025-03-19T13:00:00
Federal Reserve Board member Michelle Bowman has been nominated as the board’s vice chair for supervision, a position that oversees regulation of the nation’s largest banks.
“I would like to express my thanks to President [Donald] Trump for nominating me as the vice chair for supervision. I am grateful for the continued faith and confidence he has placed in me to fulfill this vital role,” Bowman said in a press release Monday.
If confirmed by the Senate, Bowman would replace Michael Barr, who was appointed to the board in 2022 by President Joe Biden but stepped down as vice chair for supervision on Feb. 28. He remains on the board, as his 10-year term carries through 2032.
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