WASHINGTON (Reuters) – U.S. President Donald Trump nominated Federal Reserve Governor Michelle Bowman as vice chair for supervision, he said in a post on social media.
A former community banker and frequent critic of overzealous bank regulation, Bowman would replace Michael Barr, who stepped down from the supervision post at the end of February to avert a potential legal dispute with the Trump administration.
(Reporting by Kanishka Singh And Ismail Shakil; Editing by Chris Reese)