Michelle Bowman has been appointed as the Vice Chair for Supervision of the Federal Reserve by President Donald Trump on March 17, 2025. Her appointment is pending Senate confirmation.
Michelle Bowman's Appointment
President Donald Trump announced the appointment of Michelle Bowman as the Vice Chair for Supervision of the Federal Reserve on March 17, 2025, following Michael Barr's departure from the position on February 28, 2025.
Responsibilities in the New Role
As the new Vice Chair for Supervision, Bowman will be responsible for developing policy recommendations concerning the supervision of financial institutions. Her experience includes serving as a member of the Federal Reserve Board since November 2018 and as a state bank commissioner in Kansas.
Bowman's Role in Regulation
Analysts predict that Bowman's skepticism towards some regulatory policies could lead to changes in federal regulation. Her historical approach may stimulate changes in how the Fed engages with regional banks.
Michelle Bowman's appointment to the Federal Reserve might be a significant step toward regulatory policy reform, especially in enhancing focus on regional banks.
