President Trump Appoints Michelle Bowman as Federal Reserve Vice Chair

2 mins mins

Key Points:

Michelle Bowman to serve as Fed Vice Chair for Supervision.
Appointment made by President Trump on March 17, 2025.
Senate confirmation pending to assume new role.

president-trump-appoints-michelle-bowman-as-federal-reserve-vice-chair — President Trump Appoints Michelle Bowman as Federal Reserve Vice Chair

Michelle Bowman has been appointed as the new Vice Chair for Supervision of the Federal Reserve. President Donald Trump announced this nomination on March 17, 2025, through his Truth Social account. Once confirmed by the Senate, Bowman will be the new Vice Chair for Supervision.

President Trump has appointed Michelle Bowman to the position of Vice Chair for Supervision at the Federal Reserve. This move is part of a significant leadership shift within the Federal Reserve, occurring following Michael Barr’s departure on February 28, 2025.

As the new Vice Chair, Bowman’s responsibility will involve developing policy recommendations concerning 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.

Rob Nichols, CEO of the American Bankers Association, endorsed Bowman’s nomination, emphasizing her principled voice for regulatory matters. The Senate confirmation process remains a crucial step before she can officially assume her role.

“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.” — Rob Nichols, President and CEO, American Bankers Association

Bowman’s Significant Role in Federal Regulations

Did you know?

Bowman is the first to fill the Fed’s community banking seat, a position created by legislation in 2015, highlighting her pioneering role within the Federal Reserve.

Analysts mention Bowman’s skepticism towards some regulatory policies, predicting that her influence could reshape certain aspects of federal regulations. Historical trends suggest her approach could drive changes in how the Fed engages with community banks.