The Trump administration will nominate Federal Reserve Governor Michelle Bowman as vice chair for supervision as soon as today, according to a person familiar with the matter.
Michael Barr resigned as Fed vice chair for supervision earlier this year, avoiding a potential fight with President Donald Trump over the role. He said in January “the risk of a dispute over the position could be a distraction from our mission.”
The White House didn’t immediately respond to a request for comment.
Add us to your Preferences
Set as your preferred source on Google
ADVERTISEMENT
RECOMMENDED FOR YOU
‘Grossly Incompetent. He Should Be Fired': US President Trump Escalates Attack On Fed Chair Powell
Trump Says He Thinks He Already Knows Choice For Fed Chair
Mark Cuban Says AI Job Seekers Should Target Small-To-Medium Companies Rather Than Big Corporations
FOMC Preview: Federal Reserve Seen Cutting Rates, But With No Added Signal
POPULAR
1
'Each Of Us Has Something...': Cristiano Ronaldo's Message To Donald Trump After White House Visit
2
Stock Market LIVE: Nifty 60 Points Away From New High; Sensex Surges Nearly 470 Points
3
'Hold' Polycab Shares Maintains Nirmal Bang, Sees Long-Term Story Intact Amid Strong Demand Tailwinds
4
Samsung Galaxy S26 Foldable Lineup: Latest Leak Reveals Upcoming Models Of 2026
5