US President Donald Trump has nominated Michelle Bowman, a prominent banker, to serve as Vice Chairman of the Federal Reserve for Supervision and Regulation. This appointment is seen as significant, given Bowman’s extensive experience in banking and her previous involvement in the financial sector.
Bowman, who currently serves as a member of the Federal Reserve’s Board of Governors, has been instrumental in shaping the Fed’s banking supervision policies. Her nomination aims to reinforce the Fed’s oversight role and ensure the stability of the US financial system.
The appointment comes amidst rising concerns about trade tensions and economic instability. As Trump prepares for his second term, Bowman’s involvement is likely to be closely watched by policymakers and industry experts alike.
Source: https://www.ft.com/content/6c81a131-b786-4f28-8abd-63e71284c5bd