Advisers to President Trump have indicated to allies in recent days that Federal Reserve governor Michelle Bowman is the front-runner to serve as the central bank’s top cop on banking issues, according to people familiar with the matter.

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,

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.

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

President Trump will elevate Federal Reserve governor Michelle Bowman to serve as the central bank’s vice chair for bank supervision, a White House official said Wednesday. The Journal had [previously

President Donald Trump is set to nominate Federal Reserve Governor Michelle Bowman to be the central bank’s top bank supervisor, a White House official confirmed to MarketWatch.