Bowman confirmed for 14-year term at Fed

WASHINGTON — Michelle Bowman was confirmed by the Senate to serve a full, 14-year term as the community bank representative on the Federal Reserve Board.

Bowman was previously confirmed in 2018 to serve on the Fed board until 2020. The Senate approved her nomination Thursday by a 60-31 vote despite significant opposition from some Democrats.

The confirmation of the fifth-generation banker was praised by the industry.

“Governor Bowman’s diverse professional experience and seasoned judgment have already begun to diversify and strengthen the board," said Rebeca Romero Rainey, president and CEO of the Independent Community Bankers of America, in a press release. "Today’s Senate vote confirming her for a full term ensures that the nation’s community banks will be represented on the Fed board without disruption.”

Before joining the Fed, Bowman served as the Kansas state bank commissioner and vice president of Farmers & Drovers Bank in Council Grove, Kan.