Trump to Nominate Bowman for Fed’s Top Banking Post

President Donald Trump is set to nominate Federal Reserve Governor Michelle Bowman as the central bank’s next vice chair for supervision, according to a person familiar with the matter. The move comes after Michael Barr resigned earlier this year, and avoids a potential conflict between Trump and Biden.

Bowman will fill the post vacated by Barr, who was picked by former President Joe Biden but stepped down due to concerns about a possible dispute over the role. In January, Barr stated that a disagreement could divert attention from the Fed’s mission.

Source: https://www.bloomberg.com/news/articles/2025-03-12/trump-to-announce-bowman-soon-as-nominee-for-fed-s-top-bank-cop