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Investing.com -- U.S. President Donald Trump has appointed Michelle “Miki” Bowman as the new Vice Chair of Supervision for the Federal Reserve, a development that was widely expected.
The announcement was made through Trump’s social media platform, Truth. In his post, he expressed his confidence in Bowman’s capabilities, citing her experience and expertise in dealing with issues related to inflation, regulation, and banking.
"Miki has been serving honorably on the Fed’s Board of Governors since 2018, and has great expertise dealing with Inflation, Regulation, and Banking. Our Economy has been mismanaged for the past four years, and it is time for a change. Miki has the “know-how” to get it done. I am confident we will achieve Economic heights never before seen in our Nation’s History. Congratulations Miki!" Trump wrote.
Bowman’s appointment comes at a time when the U.S. economy has faced challenges over the past four years. With her appointment, Trump believes the economy will reach new heights, never before seen in the country’s history.
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