Wall Street Celebrates Trump's Selection of Bowman as Fed Overseer

Reported about 20 hours ago

Wall Street applauds President Trump's nomination of Michelle Bowman as the next vice chair for supervision at the Federal Reserve, positioning her as a key bank regulator amid expectations of deregulation and a shift in oversight of major US banks. While prominent figures like Goldman Sachs' CEO express excitement, concerns arise from some lawmakers regarding potential risks of deregulation affecting working families.

Source: YAHOO

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