Trump chooses Governor Feda Michelle Bowman to replace Michael Barra as a head of fed surveillance
The Governor of the US Federal Reserve Michelle Bowman participates in the “Fed Listen” event at the headquarters of the Federal Reserve in Washington, DC, October 4, 2019.
Eric Baradat | AFP | Getty Images
President Donald Trump announced on Monday that he had selected the Governor of the Federal Reserve Michelle Bowman to take on the lead surveillance role of Central Bank.
The announcement comes after Michael Barra resigned from his role As Vice President of the Fed for Supervision, although the Governor of the Feda remains.
Bowman’s elevation gives Trump to someone who is seen as friendly towards the banking industry in the lead role of monitoring in the Fed. Bowman, former Bank’s CEO and Kansas State Regulator, first joined the Central Bank during Trump’s first term.
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