“We congratulate Governor Michelle Bowman on her confirmation to serve as the Federal Reserve’s next vice chair for supervision and appreciate her willingness to take on these added responsibilities at the Fed. With her deep experience as a federal regulator, state regulator and community banker, Governor Bowman understands the real-world impact U.S. banking rules can have on the economy and consumers. We applaud the president for nominating her and look forward to working together to develop a rational bank regulatory framework that preserves the commitment to safety and soundness that we all share, while giving banks of all sizes the chance to support their customers and communities and drive the U.S. economy forward.”