{"id":2443001,"date":"2025-06-04T18:45:01","date_gmt":"2025-06-04T22:45:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-confirms-trump-nominee-bowman-to-be-top-fed-bank-regulator-washington-examiner\/"},"modified":"2025-06-04T18:45:39","modified_gmt":"2025-06-04T22:45:39","slug":"senate-confirms-trump-nominee-bowman-to-be-top-fed-bank-regulator-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-confirms-trump-nominee-bowman-to-be-top-fed-bank-regulator-washington-examiner\/","title":{"rendered":"Senate confirms Trump nominee Bowman to be top Fed bank regulator &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsenate-confirms-trump-nominee-bowman-to-be-top-fed-bank-regulator-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2443001&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Michelle Bowman has been confirmed by the Senate as the vice chairwoman for supervision at the Federal Reserve,following a narrow 48-46 vote. Nominated by former President Donald Trump,Bowman,53,will take over for Michael Barr. She has been a member of the Fed&#8217;s Board of Governors as 2018 and previously served as the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fdic-seizes-control-of-4th-bank-in-2023-while-biden-jokes-about-being-impeached-by-gop\/\" title=\"FDIC takes over 4th bank in 2023; Biden jests about GOP impeachment.\">state bank commissioner<\/a> of Kansas. During her confirmation hearing, Bowman emphasized her commitment to reforming banking supervision and ensuring transparency. Despite support from Republican senators, she faced criticism from Senator Elizabeth Warren, who accused her of prioritizing wall Street interests. Bowman also made headlines for dissenting from an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-nation-uk-sees-largest-decline-in-wages-since-2014\/\" title=\"Inflation Nation: UK Sees Largest Decline in Wages Since 2014\">interest rate decision<\/a> last year, marking a significant moment in her regulatory career as she steps into her new role during a critical time for monetary policy and inflation management.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Senate confirms Trump nominee Bowman to be top Fed bank regulator<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2135663\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Michelle Bowman, President&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noreferrer noopener\">Donald Trump&rsquo;s<\/a>&nbsp;nominee to be the <a href=\"https:\/\/amzn.to\/3YuVZYV\" >top bank regulator<\/a> at the&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/federal-reserve\/\" target=\"_blank\" rel=\"noreferrer noopener\">Federal Reserve<\/a>, has been confirmed by a full&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/senate\/\" target=\"_blank\" rel=\"noreferrer noopener\">Senate<\/a>&nbsp;vote.<\/p>\n<p>The Senate voted 48-46 on Wednesday evening&nbsp;to approve Bowman&rsquo;s nomination to be the Fed&rsquo;s vice chairwoman for supervision. Bowman, 53, will succeed Fed Governor Michael Barr, who stepped aside earlier this year after Trump was sworn in.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3431087\/trump-tariffs-net-2-8-trillion-over-next-decade-cbo-says\/\">Trump tariffs would net $2.8 trillion over next decade, CBO says<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3430901\/social-security-claims-increase-expected-jump-15-percent-2025\/\">Social Security claims expected to jump 15% in 2025<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3430836\/federal-reserve-lifts-asset-cap-wells-fargo-2018-fake-accounts-scandal\/\">Federal Reserve lifts asset cap placed on Wells Fargo after 2018 fake accounts scandal<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Bowman has served on the Fed&rsquo;s Board of Governors since 2018. She graduated from the University of Kansas and later went on to get her law degree from Washburn University. Prior to the Fed, she served as the state bank commissioner of Kansas. Before that, she was vice president of Farmers &amp; Drovers Bank.<\/p>\n<p>During the second Bush administration, she briefly served as <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pentagon-pauses-plan-to-offer-vaccines-to-guantanamo-bay-detainees\/\" title=\"Pentagon Pauses Plan To Offer Vaccines To Guantanamo Bay Detainees\">deputy assistant secretary<\/a> and policy advisor to Homeland Security Secretary Tom Ridge.<\/p>\n<p>Bowman said during her confirmation hearing before the Senate Banking Committee that she wanted to prioritize &ldquo;reforming and refocusing supervision, restoring regulatory tailoring, ensuring a viable path for innovation in the banking system, and promoting transparency and accountability.&rdquo;<\/p>\n<p>During the hearing, Sen. Elizabeth Warren (D-MA), long critical of the big banks, panned Bowman&rsquo;s tenure at the Fed, and said has been &ldquo;prioritizing Wall Street over Main Street.&rdquo;<\/p>\n<p>&ldquo;President Trump is fanning the flames of disaster with his mismanagement of the nation&rsquo;s economy,&rdquo; Warren said. &ldquo;Instead of showing up with the fire department, Governor Bowman brings a can of gasoline.&rdquo;<\/p>\n<p>Banking Committee Chairman Tim Scott (R-SC) praised Bowman during the hearing and said her career has proven she has the character and ability to be the Fed&rsquo;s next vice chairwoman for supervision.<\/p>\n<p>&ldquo;She understands that financial regulators play an important role in our economy,&rdquo; Scott said. &ldquo;When supervisors of banks fail to do their job, everyday Americans pay the price, so our financial regulators must be held to a very high standard. As vice chair for supervision, Governor Bowman will bring accountability and transparency to the Fed and ensure it operates as an independent institution void of politics.&rdquo;<\/p>\n<p>She was advanced from the committee in a 13-11 vote early last month.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3427287\/dentists-accountants-hit-gop-tax-bill\/\" target=\"_blank\" rel=\"noreferrer noopener\">DENTISTS AND ACCOUNTANTS FACE HIT FROM GOP TAX BILL<\/a><\/strong><\/p>\n<p>Bowman will be in a key role as the Fed figures out what to do with monetary policy. Inflation has meaningfully fallen, but the Fed has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-us-cpi-smile-fades-its-raining-yen\/\" title=\"US CPI smile fades, yen raining down.\">held interest rates steady<\/a> in order to be sure that it won&rsquo;t pop back up. Trump and other administration officials have been putting pressure on the Fed to cut rates.<\/p>\n<p>Notably, last year, Bowman became the first Fed governor since 2005 to dissent to&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3158342\/fed-opts-for-bigger-interest-rate-cut-in-first-downward-revision-since-pandemic\/\" target=\"_blank\" rel=\"noreferrer noopener\">an interest rate decision<\/a>. She disagreed with the other voting members that the central bank should cut rates by a half of a percentage point, opting instead for a more modest cut.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2135663\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2135663\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senate confirms Trump&#8217;s nominee Bowman as top Fed bank regulator<\/p>\n","protected":false},"author":3360,"featured_media":2443002,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2023\/11\/327780941-1-4-1024x591.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[17323,56549,4904,3740,3634],"class_list":["post-2443001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-bowman","tag-fed-bank-regulator","tag-nominee","tag-senate","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2023\/11\/327780941-1-4-1024x591.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2443001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3360"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2443001"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2443001\/revisions"}],"predecessor-version":[{"id":2443005,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2443001\/revisions\/2443005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2443002"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2443001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2443001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2443001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}