Bowman’s ascent sparks office intrigue at the Fed
Trump’s vice-chair for supervision pick is said to have a prickly relationship with Powell
Recent comments by US Federal Reserve chair Jerome Powell have hinted at the possibility of internal friction within the nation’s central bank over regulatory policy.
At a hearing before the House Financial Services Committee on February 12, Powell was asked whether the Fed needed a vice-chair for supervision – a role created by the Dodd-Frank Act.
Powell responded that having a single person in charge of regulation had resulted in greater volatility in rulemaking than when all policymaking went
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