Trump names Bowman as top Federal Reserve bank regulator
President
Bowman was appointed by Trump in 2018 to serve on the Fed's governing board. She replaces
As Vice Chair, Bowman will be the most powerful federal bank regulator, and will coordinate with the
The position requires
Bowman voted against a 2023 proposal by Barr to tighten rules on big banks, in particular to require them to hold more capital in reserve to offset potential losses. The proposed rule attracted fierce opposition from the financial industry, but also from some nonprofit organizations concerned that it could have limited mortgage lending.
Prior to joining the Fed, Bowman was the state bank commissioner in Kanas in 2017-2018, after serving as vice president at a local bank. She also had previous stints in
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