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International Business Times
International Business Times
National

Trump Taps Michelle Bowman To Be US Fed Vice Chair For Supervision

Bowman has been a frequent critic of attempts to tighten US banking regulation (Credit: AFP)

US President Donald Trump on Monday picked Michelle Bowman to be the Federal Reserve's next vice chair for supervision, tapping someone seen as favoring a lighter touch to banking regulation.

The important central bank role requires confirmation by the Senate, which is controlled by Trump's Republican party.

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