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

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,

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.