Michelle Bowman

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Miki Bowman
Michelle Bowman.jpg
Member of the Federal Reserve Board of Governors
Assumed office
November 26, 2018
PresidentDonald Trump
Joe Biden
Preceded byStanley Fischer
Bank Commissioner of Kansas
In office
January 31, 2017 – November 23, 2018
GovernorSam Brownback
Jeff Colyer
Preceded byDeryl Schuster
Succeeded byTim Kemp
Personal details
Born (1971-05-25) May 25, 1971 (age 50)
Honolulu, Hawaii, U.S.
Political partyRepublican
EducationUniversity of Kansas (BS)
Washburn University (JD)

Michelle White "Miki" Bowman (born May 25, 1971)[1] is an American attorney and a Governor on the Federal Reserve's board.[2] She is the first person to fill the community bank seat on the board, a seat created by a 2015 law.[2][3]

Previously, Bowman was the Kansas banking commissioner, from January 2017 through November 2018.[4] She also held senior staff positions at the Federal Emergency Management Agency and Department of Homeland Security during the George W. Bush administration.

Early life and education[]

Bowman was born in Hawaii. When she was young, her family moved frequently, because of her father’s career in the U.S. Air Force. She lived much of her youth in Illinois, near St. Louis, and graduating from high school in Council Grove, Kansas.[5]

Bowman graduated from the University of Kansas in Lawrence with a Bachelor of Science degree in Advertising and Journalism. She then earned a Juris Doctorate from Washburn University School of Law in Topeka, graduating in 1996.[6]

Career[]

U.S. Government[]

Bowman worked as an intern for Senator Bob Dole[5] from 1995 to 1996.[7] Between 1997 and 2002, she served as a counsel to the U.S. House Committee on Transportation and Infrastructure and then to the Committee on Government Reform and Oversight.[7]

In 2002, Bowman was appointed by President George W. Bush as Director of Congressional and Intergovernmental Affairs at the Federal Emergency Management Agency (FEMA); in 2003, when the Department of Homeland Security was established, she became a Deputy Assistant Secretary and Policy Advisor to Secretary Tom Ridge.[4][7]

London[]

In 2004, Bowman's husband’s job took the couple to London.[5] There, she started her own public affairs and consulting business,[8] the Bowman Group; she remained active in politics as chair of Republicans Abroad UK.[5]

Banking[]

Bowman returned to the U.S. in 2010, joining the Farmers & Drovers Bank, her family's bank,[5] as Vice President, where she served as a director, compliance officer, and trust officer.[9] The bank had assets of $181 million in 2017.[10] Bowman left the bank to become the Kansas banking commissioner on January 31, 2017,[4] after being nominated by Kansas Governor Sam Brownback in late 2016.[9]

Federal Reserve[]

Michelle Bowman, accompanied by her husband Wes Bowman, is sworn in by Jerome Powell for her second term as a member of the Board of Governors of the Federal Reserve System

In November 2017, it was reported that President Donald Trump was considering nominating Bowman to fill a long-open seat on the U.S. Federal Reserve Board of Governors.[11] In April 2018, the White House announced that Trump would nominate Bowman to fill the fourteen-year term of Stanley Fischer, which expired on January 31, 2020,[8] as well as to occupy the seat on the Board that represents community banks.[8]

In November 2018 Bowman was confirmed by the U.S. Senate by a vote of 64 to 34.[12][13] On April 2, 2019, the White House announced that Trump planned to nominate Bowman to a full 14-year term on the Federal Reserve Board when her current term expires in January 2020.[14]

Personal[]

Bowman is married to Wes Bowman.[15][13] The couple’s two children were born during the five years that they lived in England, between 2004 and 2010.[5]

References[]

  1. ^ Public Financial Disclosure Report (OGE Form 278e), April 28, 2018
  2. ^ Jump up to: a b Kiernan, Paul. "In Miki Bowman, Smaller Banks Await Potential Fed Ally". Wall Street Journal. Retrieved November 18, 2018.
  3. ^ "Bowman Confirmed to Community Bank Seat on Federal Reserve Board". American Bankers Association. Retrieved November 18, 2018.
  4. ^ Jump up to: a b c "Staff & Banking Board". Kansas Banking Commission. Retrieved April 17, 2018.
  5. ^ Jump up to: a b c d e f Davis, Mark (January 28, 2019). "These women — a Missourian and Kansan — hold a key to your pocketbook and the economy". Kansas City Star. Retrieved April 7, 2019.
  6. ^ "Bowman, '96, appointed to US Federal Reserve". Washburn University School of Law. November 2018. Retrieved April 7, 2019.
  7. ^ Jump up to: a b c "Federal Reserve Board - Michelle W. Bowman". Board of Governors of the Federal Reserve System. Retrieved April 7, 2019.
  8. ^ Jump up to: a b c Tankersley, Jim (April 16, 2018). "Trump Picks Monetary Expert for No. 2 Job at Federal Reserve". New York Times. Retrieved April 17, 2018.
  9. ^ Jump up to: a b Siebenmark, Jerry (December 13, 2016). "Former Homeland Security adviser named Kansas bank chief". Wichita Eagle. Retrieved April 17, 2018.
  10. ^ Lane, Sylvan (November 14, 2018). "Fed nominee Bowman advances to final vote in Senate". TheHill. Retrieved April 7, 2019.
  11. ^ "White House considers Kansas bank regulator for Fed seat: source". Reuters. November 14, 2017. Retrieved April 7, 2019.
  12. ^ "PN1860 — Michelle Bowman — Federal Reserve System". Congress.gov. Retrieved November 18, 2018.
  13. ^ Jump up to: a b "Bowman takes her seat on Fed board with swearing in; two seats remain open". Regulatory Report. November 26, 2018. Retrieved April 7, 2019.
  14. ^ Croce, Brian (April 3, 2019). "President Trump to nominate Michelle Bowman for a full term on Fed board". Pensions & Investments. Retrieved April 7, 2019.
  15. ^ "KBA Public Affairs Conference - an Unpredictable Time" (PDF). The Kansas Banker. March 2017. p. 7.
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