Michelle Bowman Sworn In As Federal Reserve Vice Chair For Supervision

Michelle W. Bowman was officially sworn in as the Vice Chair for Supervision of the Board of Governors of the Federal Reserve System on June 9, 2025. The ceremony, conducted by Chair Jerome H. Powell, marked a significant milestone in Bowman's career and the Federal Reserve's leadership structure.

Bowman's appointment to this four-year term, which will conclude in 2029, follows her nomination by President Donald Trump on March 24, 2025, and subsequent confirmation by the U.S. Senate on June 4, 2025. Her term as a Board member will continue until January 31, 2034.

Bowman brings a wealth of experience to her new role, having previously served as a state bank supervisor and community bank executive. Her background is expected to provide valuable insights into the regulatory landscape and the needs of the banking industry. The Senate's confirmation vote, with 48 in favor and 46 against, underscores the bipartisan support for her appointment, reflecting her qualifications and the importance of her role in overseeing the nation's financial institutions.

In her new capacity, Bowman has already signaled a potential shift in regulatory approach. She has detailed plans to reduce regulatory burdens on banks, aiming to create a more efficient and less cumbersome regulatory environment. This stance is likely to be welcomed by the banking sector, which has long advocated for regulatory relief to foster growth and innovation.

Bowman's appointment comes at a critical time for the Federal Reserve, as it continues to navigate the complexities of the post-pandemic economic recovery. Her leadership in the supervision division will be instrumental in ensuring that financial institutions remain resilient and capable of supporting economic growth. With her extensive experience and commitment to regulatory oversight, Bowman is well-positioned to guide the Federal Reserve through the challenges and opportunities that lie ahead.