US media: Trump team tends to recommend Bowman as vice chairman of the Federal Reserve for supervision

The Wall Street Journal cited sources as saying that President Trump's advisory team is inclined to recommend Fed Governor Bowman to also serve as Vice Chairman overseeing banking regulation. After Trump took office in January, Powell resigned as Vice Chairman overseeing banking regulation at the Fed, retaining only his board position. Trump has not nominated a successor, leaving the position vacant. Some Republican lawmakers have been recommending Bowman, a Republican, for the role, an idea also supported by Trump's advisors. Trump said in an interview on Sunday that he would announce the nominee for the position in the near future.

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