Mon Mar 17 22:10:47 UTC 2025: ## Trump Nominates Bowman as Fed’s Top Bank Regulator

**Washington, D.C. – March 18, 2025** – President Donald Trump has nominated Michelle Bowman to serve as the Federal Reserve’s Vice Chair for Supervision, a move anticipated to lead to less stringent regulations for large banks. Bowman, a current member of the Fed’s governing board appointed by Trump in 2018, will replace Michael Barr, who recently stepped down to avoid a potential conflict with the former president.

Bowman’s nomination has been applauded by banking industry groups such as the American Bankers Association and the Independent Community Bankers of America. As Vice Chair, she will become the most influential federal bank regulator, collaborating with other agencies on banking regulations. While Senate confirmation is required, analysts predict a smooth approval process.

Her previous voting record indicates a more lenient approach to bank regulation. In 2023, she opposed a proposal by Barr to increase capital reserves for major banks like JPMorgan Chase and Bank of America. This proposal, while supported by some nonprofits, faced significant pushback from the financial industry due to concerns about its potential impact on mortgage lending.

Before joining the Federal Reserve, Bowman served as Kansas’ state bank commissioner and held positions in Washington D.C., including roles with Senator Bob Dole, FEMA, and the Department of Homeland Security.

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