Trump To Announce Bowman Soon As Nominee For Fed’s Top Bank Cop

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.