MNI BRIEF: Trump Names Bowman To Fed VC For Supervision
MNI (WASHINGTON) - U.S. President Donald Trump has nominated Federal Reserve Governor Michelle Bowman to the key role of vice chair for banking supervision at the central bank, Bowman said in a statement Monday.
"I would like to express my thanks to President Trump for nominating me as the Vice Chair for Supervision. I am grateful for the continued faith and confidence he has placed in me to fulfill this vital role," Bowman said in a statement.
"If confirmed, I will promote a safe and sound banking system through a pragmatic approach to supervision and regulation with a transparent and tailored bank regulatory framework that encourages innovation. I will leverage my hands-on experience as a banker, a bank regulator, and a Board Member to address the challenges ahead."