Trump to nominate Fed’s Michelle Bowman for vice chair role

Published 12/03/2025, 12:58
© Reuters.

Investing.com -- The Trump administration is set to nominate Federal Reserve Governor Michelle Bowman for the role of vice chair for supervision, according to a Bloomberg report released on Wednesday.

The position of vice chair for supervision at the Federal Reserve became vacant earlier this year following the resignation of Michael Barr. Barr stepped down from his role to avoid a potential clash with President Donald Trump over the position. In a statement made in January, Barr expressed his concern that a dispute over the role could distract from the mission of the Federal Reserve.

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