US president Donald Trump on March 17 nominated Michelle Bowman to become the new vice-chair for supervision at the Federal Reserve.

Bowman, a current member of the Fed’s board of governors, would replace Michael Barr, who resigned as supervision vice-chair earlier this year. She expressed her gratitude in a statement regarding the nomination.

“If confirmed, I will promote a safe and sound banking system through a pragmatic approach to supervision and regulation with a transparent and tailored

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