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