President Donald Trump appointed Michelle Bowman, current Federal Reserve Governor, as the central bank’s vice chair for supervision. The move has been welcomed by Wall Street banks and smaller lenders, who believe she will be more favorable to their interests.
Bowman, who has served on the Fed’s Board of Governors since 2018, brings expertise in addressing inflation, regulation, and banking issues.
Source: https://www.bloomberg.com/news/articles/2025-03-17/trump-taps-bowman-to-be-fed-s-top-bank-cop-as-wall-street-cheers