Michelle W. Bowman, appointed to lead the Federal Reserve’s banking division by President Trump, has announced a significant restructuring of the agency’s oversight responsibilities. Bowman’s leadership will focus on enhanced scrutiny of banks and financial institutions. The move reflects a shift in priorities within the Fed, aligning with the administration’s broader goals of strengthening the financial system. The specific details of the adjustments are currently under review by analysts and regulators. The new division’s mandate will center on monitoring risk and stability within the banking sector.
Credits: NYT > Top Stories
