Michelle Bowman Confirmed for Full Fed Board Term – NMP Skip to main content

Michelle Bowman Confirmed for Full Fed Board Term

Phil Hall
Sep 13, 2019
Photo credit: Getty Images/orgnmaster

The U.S. Senate voted 60 to 31 to confirm Federal Reserve Governor Michelle Bowman for a 14-year term.
Bowman, who holds the Fed seat designated for a community bank representative, was confirmed last November to fill a vacancy set to expire in January 2020. Prior to joining the central bank, Bowman was a former state bank commissioner for Kansas and an aide to former Sen. Bob Dole (R-KS). Bowman’s nomination was supported by 49 Republicans and 11 Democrats, with Kentucky Sen. Rand Paul as the only Republican to vote with Democrats in opposition.
Bowman is one of four Federal Reserve governors nominated by President Donald Trump. The seven-member board also includes Obama-era holdover Lael Brinard and two vacancies. In July, the President nominated Christopher Waller, Executive Vice President and Director of Research at the Federal Reserve Bank of St. Louis, and Judy Shelton, U.S. Executive Director of the European Bank of Reconstruction & Development, to fill the vacant seats.

Sep 13, 2019
SEC: Angel Oak Capital Advisors Misled Investors

Company, portfolio manager agree to pay $1.825M combined in civil penalties.

Regulation and Compliance
Aug 10, 2022
MISMO Seeks Public Comment On 3 eMortgage Resources

Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.

Regulation and Compliance
Aug 05, 2022
As Expected, The Fed Raises Rate By Another 0.75%

Experts say housing industry will shrug off the latest increase.

Regulation and Compliance
Jul 27, 2022
AmTrust Ends 'No-Poach' Agreement, Pays $1.25M Fine In Deal With N.Y. AG

Company also agrees to cooperate with ongoing investigations of the title insurance industry.

Regulation and Compliance
Jul 25, 2022
NAR Chief Economist: Nationwide Home Price Decline Won't Happen Soon

Lack of inventory continues to support growth in prices, which have increased year over year for 124 straight months.

Regulation and Compliance
Jul 22, 2022
FHFA Director: Fannie, Freddie Need $300B Combined In Capital

So far, the enterprises combined have built $83.5 billion in reserves, or about 27% of the target.

Regulation and Compliance
Jul 21, 2022