Trump Taps Bowman as Fed Top Bank Cop in Wall Street Victory (3)

President Donald Trump picked Federal Reserve Governor Michelle Bowman to serve as the central bank’s vice chair for supervision, a move cheered by Wall Street banks and smaller lenders who expect she’ll be friendlier to the industry.

“Miki has been serving honorably on the Fed’s Board of Governors since 2018, and has great expertise dealing with Inflation, Regulation, and Banking,” Trump said in a social media post on Monday.

Bloomberg previously reported that Trump was expected to soon nominate Bowman for the role.

“If confirmed, I will promote a safe and sound banking system through a ...