President Donald Trump has nominated Federal Reserve Governor Bowman as the new Vice Chair for Supervision, according to multiple sources. Bowman, a former community banker and state regulator, has been a frequent critic of efforts to impose tougher bank rules.
Bowman joined the Fed board in 2018 and has held this position since then. His nomination as Vice Chair for Supervision marks a significant development in the Fed’s leadership structure.
A banking expert would have to wait and see if Bowman will bring more conservative views to the role.
Source: https://www.reuters.com/world/us/trump-nominates-federal-reserve-governor-bowman-vice-chair-supervision-2025-03-17