The U.S. Senate late Wednesday afternoon confirmed former Kansas state bank commissioner Michelle Bowman as the new vice chair for supervision at the central bank.
Bowman — a member of the Board of Governors of the Federal Reserve System since 2018 — was President Donald Trump's choice to become one of the country’s top banking regulators for the Federal Reserve Board.
The Morris County native with a background in community banking replaces President's Joe Biden appointee Michael Barr, who stepped down to avoid a confrontation with Trump allies who wanted him removed from the position.
The Senate confirmed . . .
SSJ
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