US Edition
Top Federal Reserve Official Promises Major Overhaul of US Bank Regulation
- Michelle Bowman was confirmed on April 10, 2025, as the Federal Reserve's Vice Chair for Supervision in Washington, D.C.
- Her confirmation followed Michael Barr's February resignation and a Senate Banking Committee vote along party lines advancing her nomination.
- Bowman plans to ease bank rules, streamline oversight, and reconsider post-2008 regulations, targeting requirements that banks have long criticized.
- She stated, "Our goal should be to make banks safe to fail," and opposed a 19% hike in capital requirements for large banks.
- Her deregulatory agenda has industry support but raises concerns about Fed independence and potential risks of repeated financial instability.
Insights by Ground AI
Does this summary seem wrong?
30 Articles
30 Articles
All
Left
4
Center
6
Right
1
The Bonfire of the Banking Regulators? | by Willem H. Buiter - Project Syndicate
Despite numerous reforms, the US financial regulation system remains a patchwork of federal and state agencies with overlapping mandates and conflicting objectives. Two new books underscore the need to streamline bureaucracy, simplify regulations, and separate money creation from financial intermediation.
Coverage Details
Total News Sources30
Leaning Left4Leaning Right1Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 36%
C 55%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
