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Trump nominates Bowman to serve as Vice Chairman for Supervision at the Federal Reserve, likely to relax regulations.
Analysis suggests that if the USA Senate confirms the nomination, Bowman's approach to banking regulation will be more lenient than that of her predecessor Barr, as she has long criticized the "Basel III endgame" rule that requires banks to Hold more capital. This rule was proposed by Barr and aims to reform the risk assessment methods of large banks, whereas Bowman believes that the capital burden on banks should be reduced.
Bitcoin, Ethereum, XRP, Dogecoin Bounce Back To Green: 'Ready For A Squeeze,' Trader Says