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 key position overseeing the financial regulation of large banks. This nomination replaces Michael Barr, who recently stepped down to avoid a potential legal battle with the President.

Bowman, a current member of the Federal Reserve’s Board of Governors, previously voted against stricter regulations on large banks proposed by Barr in 2023. These regulations aimed to increase capital reserves for banks like JPMorgan Chase and Bank of America. Her nomination has been welcomed by banking industry lobbying groups.

As Vice Chair, Bowman will hold significant influence over bank regulations, coordinating with other federal agencies. While Senate confirmation is required, analysts anticipate a smooth process. Prior to her Federal Reserve appointment, Bowman served as Kansas’ state bank commissioner and held positions in Washington, D.C., including working for Senator Bob Dole and within FEMA and the Department of Homeland Security. Her appointment is expected to lead to a more lenient regulatory environment for large financial institutions.

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