Federal Reserve Governor Michelle Bowman is expected to be chosen by Donald Trump as the Vice Chair for Bank Supervision, replacing Michael Barr. Despite opposition from some Republican lawmakers, the leading candidate has a background in community banking and bank regulation, which aligns with her current designated seat. Michelle's selection could potentially lead to changes in capital requirements for large banks, and she is also known for her hawkish stance on interest rates. Additionally, trade groups representing community banks have expressed support for her role, as they believe she can push back against what they see as excessive oversight.



Other News from Today