If confirmed, she is likely to usher in a more hands-off approach to financial regulation than her predecessor’s.

If confirmed, Bowman will face a tough road in loosening restrictions on the largest banks because the majority of the Fed board was appointed by Biden.

U.S. President Donald Trump will nominate Federal Reserve Governor Michelle Bowman as vice chair for supervision as early as Wednesday, a White House official said. A former community banker and frequent critic of over-zealous bank regulation,