The Federal Reserve Board announced that Michelle W. Bowman has taken the oath of office as Vice Chair for Supervision. Chair Jerome H. Powell administered the oath in the press briefing room of the Board’s Martin Building. Bowman was nominated by President Trump on March 24, 2025, and confirmed by the United States Senate on June 4, 2025. Her term as Vice Chair for Supervision runs through June 9, 2029, and her term as a member of the Board runs through January 31, 2034.