You are currently viewing Fed Governor Michelle Bowman Is Trump’s Pick for Wall Street’s Top Cop

If confirmed, she is likely to usher in a more hands-off approach to financial regulation than her predecessor’s.

President Trump has tapped Michelle W. Bowman, a Federal Reserve governor, to be the next vice chair for supervision at the central bank, according to a White House official who was not authorized to speak publicly.

The position was vacated at the end of last month by another Fed governor, Michael S. Barr, who stepped down from the role to avert a protracted legal fight in the event that the president followed through on threats to fire him.

Ms. Bowman, whom Mr. Trump appointed to the Fed’s seven-seat Board of Governors during his first term, was long seen as the top contender for the position. Because Mr. Barr stayed on as a governor — his term expires in 2032 — Mr. Trump’s selection for vice chair was limited to the policymakers currently on the board.

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Keep reading this article on The New York Times Business.

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