President Donald Trump has appointed Federal Reserve System Governor Michelle (Miki) Bowman Become the next Vice-Chair of the Federal Reserve Supervisor.
Trump announced Monday (March 17th) post A true society.
“Miki has since served in honor of the Federal Reserve Board. 2018, Has excellent expertise in dealing with inflation and regulations and Trump wrote in the post. “Our economy has been mismanaged for the past four years and it’s a time of change. Miki has the ‘know-how’ to get it done. ”
On March 11th, it was reported that Bowman was. Front Runner Trump planned March 12th, becoming the next vice-chairman of bank oversight Nominations She went to the post.
Bowman was appointed by Trump in 2018 to his current role in the Federal Reserve.
The position of vice-chairman for supervision was previously held by President Joe Biden’s appointees. Michael Barrhe gave up his seat in February to avoid a political and legal battle with Trump’s allies who wanted to take him out of his position.
Bowman often opposed bars’ regulatory agenda.
in statement Bowman, who was released Monday, said he looks forward to working with colleagues from other agencies and boards and “helping all Americans in the US economy and prosperity.”
“If confirmed, we will promote a safe and sound banking system through a practical approach to oversight and regulation, using a transparent, coordinated banking regulatory framework that promotes innovation,” Bowman said in a statement. “I will utilize my hands-on experience as a banker and bank regulator. and Board members to address future challenges. ”
House Financial Services Committee chairman French Hillr-ark. Published a statement On Monday, he praised the nomination and said he had previously expressed his support for Bowman to take on a new role.
“I am confident that she will bring strong leadership to her new role as vice-chairman for the superintendent,” Hill said in a statement. “We look forward to working with Miki on policies that support everyday Americans and businesses, including reevaluating Basel III’s Endgame and reconsidering board oversight and reviewing policies.”
Senate Banking Committee chairman Tim ScottRs.C. said on Monday statement That Bowman was an important voice in “pushing back strained rules and regulations.”
“I have long been seeking more accountability in the Federal Reserve, but I hope Gov. Bowman will help to increase transparency regarding the board’s regulatory and oversight work,” Scott said in a statement. “As a former community banker and state regulator, she brings uniqueness Skill set A perspective on the role of the vice-chairman for oversight. ”
As this was written, the ranking members of the two committees did not post any responses to the nomination on the official website of the committee. or x.
