Michelle Bowman

Michelle Bowman is Vice Chair for Supervision of the Federal Reserve Board and a member of the Board of Governors, overseeing supervision and regulation of depository institution holding companies and other financial firms supervised by the Board. She previously served as Kansas state bank commissioner and as vice president of Farmers & Drovers Bank.

Fed Officials Call for Better Classification Tools Under Economic Uncertainty

At a Hoover Institution policy panel on central-bank independence, structure and emerging risks, Federal Reserve officials Michelle Bowman, Mary Daly, Austan Goolsbee and Christopher Waller each argued that the Fed’s next problems turn on classifying risks before they are obvious in hindsight. Bowman focused on capital rules and private credit, Daly on distinguishing temporary from persistent inflation shocks, Goolsbee on whether expected AI productivity gains lower or raise the appropriate rate path, and Waller on which Fed functions require regional autonomy rather than centralized operations.

Hoover InstitutionJun 1, 202621 min read