Wall Street wins the Washington with Trump’s Bowman selection as Fed Controller

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Great US banks wanted to be a new controller of Michelle Bowman’s federal reserve – and that’s what they got.

President Trump was elected to elect the next vice seat for control, as the selection of the Fed Governor and the former Kansas Bank commissioner on MondayBowman’s Washington will make Bowman, the strongest bank regulator

The Great Wall Street does not hide the approval of financial institutions to choose.

“Goldman Sachs (Goldman Sachs) I would be happy to see Miki Bowman set)Gs) CEO David Süleyman said he was in the Fox news interview in the last week after the statement was determined by several media rigs.

“I think the industry will be excited.”

Goldman Sachs Chairman and General Director David Suleyman, in the 2022 Milken Institute, Beverly Hills, California, USA, 2022 Milken Institute on May 2, 2022 speaks at the global conference. Reuters / Mike Bluke
David Süleyman, General Director of Goldman Sachs. (Reuters / Mike Blake) · Reuters / Reuters

The reason is that Bowman is likely to control a new direction to US banks, because the Trump leadership wants to raise restrictions on lender and overhaul an arrangement framework after the 2008 financial crisis.

Last week, Bowman’s meeting is seen as a “big, bank-friendly turn”, Managing Director Ian Katz last week with the capital Alpha.

For example, Katz expects Bowman to be a means of releasing the giant wells Fargo (Slope) 2018 Procedure for federal reserve consent, it is deprived of larger growth.

Read more: How to decide on the Fed degree, how your bank accounts, credits, credit cards and investments affect your

Bowman is expected to reconsider A new set of controversial capital rules Michael Barr is offered by the former vice seat for Michael Barr, which is required to allocate more buffers for future losses for future losses.

The requirements are based on international requirements of international capital requirements known as Basel III after 2008 financial crisis.

If a statement in a statement, Monday night, if the Senate has won approval, it will promote a secure and healthy banking system with a pragmatic approach to a transparent and appropriate bank regulatory basis. “

US Federal Reserve Governor Michel Bowman. (Getty Images through Eric Baradat / AFP)
US Federal Reserve Governor Michel Bowman. (Getty Images through Eric Baradat / AFP) · Eric Baradate via Getty Images

The Democrat, the Democrat, the Senate Banking Committee, may face some opposition to Senator Elizabeth Warren, the ranking of the Senate Center.

Warren said Monday was “Deepy concerns” on Monday on Monday, “Definition of Bowman” Wall Ave, the other period of the bank’s accidents are in risk, risk, bank accidents and assistants. “

Meanwhile, Bowman’s candidacy is a clear signal from the Trump management to make changes to how the White House’s regulation of creditors.

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