Donald Trump names Michelle Bowman as top Federal Reserve bank regulator

Quick Summary:

President Donald Trump on Monday nominated Michelle Bowman to oversee the Federal Reserve's financial regulatory efforts, a move that could lead to looser rules for large banks.

She replaces Michael Barr as the Fed's Vice Chair for Supervision, after Barr stepped down last month to avoid a legal fight that could have ensued had Trump carried out his threat to fire him.

Barr, however, stayed on the seven-member Fed board, forcing Trump to pick from one of the existing governors.

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Article Details

Category: BusinessFinance

Markets: India

Topics: China US government Michelle Bowman US elections Mexico Cryptocurrency Presidential polls Gold bars Financial disclosure US President Truth Social Sources of income Donald trump Bibles Federal Reserve's financial regulatory

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 07:52:57 (13 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 325 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27127273

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 273 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #49

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