Fed’s Bowman to Undergo Senate Grilling Over Bank Views
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US Federal Reserve Governor Michelle Bowman is set to face scrutiny at a Senate Banking Committee hearing on Thursday as lawmakers consider her nomination to serve as vice chair for supervision.
Senators on both sides of the panel are likely to ask how Bowman plans to comply with an executive order that curbs the power of independent agencies, and are eager to hear how she will approach a plan that would require the country’s largest lenders to hold significantly more capital to buffer against losses and a financial crisis.