Bowman Confirmed by Senate to be Fed Vice Chair for Supervision

Federal Reserve Governor Michelle Bowman was confirmed by the US Senate on Wednesday to serve as the central bank’s vice chair for supervision, further signaling a shift to lighter regulation under President Donald Trump.

Michelle Bowman, a Fed governor

Photographer: Kent Nishimura/Bloomberg

Bowman, a fifth-generation banker and Republican, has long touted the need for more “tailored” oversight in her speeches. She has signaled significant changes in regulatory priorities and has a friendlier relationship with the bank industry than her predecessor, Michael Barr.

Barr resigned from the role earlier this year. She frequently countered him on issues including bank oversight, stress-test reforms and capital rules.

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