Trump Taps Michelle Bowman for Position of Vice Chair at Federal Reserve
Trump appoints Michelle Bowman as the new Vice Chair for Supervision of the Federal Reserve, following the departure of Michael Barr on February 28, 2025. The official announcement was made on March 17, 2025, via Trump's Truth Social account. Bowman's nomination is now awaiting Senate confirmation to secure the role.
should this position be granted, Bowman will be responsible for developing policy recommendations around the supervision of financial institutions. Her experience includes serving as a member of the Federal Reserve Board since November 2018 and as a Kansas state bank commissioner.
Industry experts view Bowman's influence as a game-changer in federal regulations, given her noted skepticism towards some regulatory policies. This perspective could potentially reshape certain aspects of the federal regulatory landscape.
Rob Nichols, CEO of the American Bankers Association, supported Bowman's nomination: "Since joining the Fed, Governor Bowman has been a thoughtful, principled voice for sensible regulatory and monetary policy and someone who understands the important role that banks of all sizes play in our financial system and our economy."
Fun Fact: Michelle Bowman holds the first-ever community banking seat at the Fed, a position created by legislation in 2015.
In the world of crypto, John Kojo Kumi, a cryptocurrency researcher and writer, covers emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Stay tuned for the latest news on Bitcoin, Ethereum, and other digital assets!
- As John Kojo Kumi, a cryptocurrency researcher, continues to cover emerging startups and tokenomics within the blockchain ecosystem, he might provide insights on how Michelle Bowman's influence on federal regulations may affect the cryptocurrency space, given her noted skepticism towards certain regulatory policies.
- Amidst general news regarding the appointment of Michelle Bowman as the new Vice Chair for Supervision of the Federal Reserve, cryptocurrency enthusiasts closely follow the developments, as Bowman's approach to policy-and-legislation in the financial sector could potentially impact the future of cryptocurrencies.
- With Michelle Bowman's confirmation as the Vice Chair for Supervision of the Federal Reserve, the world of crypto news eagerly awaits any updates on how policy-and-legislation, particularly in relation to cryptocurrencies and blockchain technology, might be reshaped under her guidance, given her experience and reputation for skepticism towards some regulatory policies.
