Michelle W. (“Miki”) Bowman took the oath for a second term on the Federal Reserve Board Thursday – the day before her current term expired.
Bowman – sworn in by Federal Reserve Board Chair Jerome H. (“Jay”) Powell – was reconfirmed by the Senate Sept. 12 for a 14-year term that ends Jan. 31, 2034. She first took office Nov. 26, 2018, to fill an unexpired term ending Friday (Jan. 31, 2020).
There are now five members on the seven-member Fed Board. Two nominations to fill the open seats were formally submitted to the Senate Tuesday. Judy Shelton and Christopher Waller were nominated by President Donald Trump to fill the seats.