Reported 1 day ago
President Trump is reportedly close to appointing Federal Reserve governor Michelle Bowman as the central bank's new vice chair for supervision, potentially steering U.S. banking regulations in a different direction. This move aligns with the Trump administration's goals to ease restrictions on lenders and revise the regulatory framework established after the 2008 financial crisis. Bowman's previous opposition to strict capital requirements indicates a possible shift towards more flexible oversight of financial institutions, as the administration seeks to realign the Fed's regulatory approach.
Source: YAHOO