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flag Michelle Bowman, a Fed governor since 2018, is nominated for vice chair, likely easing bank regulations.

flag President Trump nominated Michelle Bowman, a Federal Reserve Governor since 2018, to be the Fed's next vice chair for supervision, succeeding Michael Barr. flag Bowman, a former Kansas bank commissioner, is seen as more favorable to the banking industry and is expected to adopt a lighter regulatory approach, particularly towards smaller banks. flag Her appointment requires Senate confirmation.

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