The US Federal Reserve Governor Michelle Bowman attends the “Fed Stirnes” event at the Federal Reserve in Washington, DC, on October 4, 2019.
Erik Parades AFP | Gety pictures
President Donald Trump announced on Monday that he chose the ruler of the Federal Reserve, Michelle Bowman, to take over the role of supervising the highest level of the Central Bank.
This announcement comes after Michael Bar Resign As the Vice -President of the Federal Reserve for Supervision, although he is still the ruler of the Federal Reserve.
Buman Trump's height gives a person seen as more friendly to the banking industry in the highest supervision role of the Federal Reserve. Bowman, a former bank executive and state organizer in Kansas, joined the central bank for the first time during the first period of Trump.
Trump said in a Spread the social truth. “Mickey has been honoring the Board of Directors of the Federal Reserve Council since 2018, and has great experience in dealing with inflation, organization and banking services. Our economy has been misunderstood over the past four years, and it is time to change. Mickey has” knowledge “to accomplish it.
Buman is playing a role in the presidency fueled by Jerome Powell, who is not a fan of her. During the Congress certificate in February, Powell said he believed the creation of the Vice President for Supervision had created “fluctuations” for the Central Bank. The situation was presented as part of the 2008 financial reforms.
As a ruler of the Federal Reserve, Bowman is also part of the Federal Open Market Committee, which determines the standard interest rate of the Central Bank. The committee is scheduled to meet on Tuesday and Wednesday of this week, although it is expected to maintain a large scale in this meeting.
This is urgent news. Please update for updates.
