Panel gives nod to full 14-year Fed Board term for Bowman

Michelle (“Miki”) Bowman’s nomination for a full 14-year term on the Federal Reserve Board advanced after a vote by the Senate Banking Committee Tuesday.

Bowman, now a member of the board serving a term that ends at the end of next January, was renominated to a seat on the Fed Board by President Donald Trump in April for the 14-year term that would begin Feb. 1, 2020.

Last November, the Senate voted 64-34 for confirmation to her current term. Last month, Bowman testified on her renomination, reiterating her commitment to the Fed’s dual mandate and sharing that she recently formed a working group of experts across the Fed system to undertake a “comprehensive review” of the Fed’s supervisory work with smaller regional and community banks.

Bowman’s nomination now heads to the Senate for confirmation; no date has yet been set for a vote.

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