WASHINGTON—President Donald Trump nominated Federal Reserve Governor Michelle Bowman to the central bank’s top regulatory post as vice chair for supervision where she is expected to oversee an agenda of relaxed rule-writing and bank oversight.
A former community banker and frequent critic of overzealous bank regulation, Bowman would replace Michael Barr, who stepped down from the supervision post at the end of February to avert a potential legal dispute with the Trump administration.
“Our economy has been mismanaged for the past four years, and it is time for a change. Miki has the ‘know-how’ to get it done. I am confident we will achieve economic heights never before seen in our nation’s history,” Trump, who took office on January 20, wrote on social media....
