On June 4, the U.S. Senate voted to confirm Michelle Bowman as Vice Chair for Supervision of the Board of Governors of the Fed for a term of four years. President Trump planned to nominate Fed Governor Michelle Bowman as the central bank’s next Vice Chair for Supervision, filling the position previously held by Michael Barr who resigned earlier this year (covered by InfoBytes here). Bowman previously chaired the Fed’s Subcommittee on Smaller Regional and Community Banking and has served as Fed Governor since 2018.