Federal Reserve Governor Bowman will testify on Thursday at the Senate Banking Committee hearing

BlockBeats News, April 10th, according to Bloomberg, Michelle Bowman, a governor of the Federal Reserve Board, will face questioning on Thursday at a Senate Banking Committee hearing, where lawmakers will consider her nomination to be vice chair for supervision.

Senators from both parties may ask Bowman how she plans to comply with an executive order limiting the power of independent agencies and may seek insight into her approach to a new proposal — a plan that would require the country's largest lenders to hold more capital to enhance their ability to withstand losses and financial crises.