From our introduction to August 10's "US Fed's Bowman: Latest jobs data stiffens support for three rate cuts in 2025":
Bowman is one of the two Fed Governors we pay especial attention to, despite the fact that she, like Fed Head Powell is an attorney rather than a banker or economist. She is the Fed's regulation overseer and seems to have a pretty good feel for banks not named JPMorganChase. She was the banking commissioner for the state of Kansas and officially sits in the community banking chair.
The other one we watch is Lorie Logan at the Dallas Federal Reserve Bank. From her official mini-bio:
....Prior to leading the Bank, President Logan spent more than two decades working in the Markets Group at the Federal Reserve Bank of New York. She was previously manager of the System Open Market Account for the FOMC and an executive vice president at the Federal Reserve Bank of New York. In that role, she managed the Federal Reserve’s securities portfolio and led the implementation of monetary policy as directed by the FOMC....Here's her thinking on rates and the balance sheet in an address to SIFMA last October...
Here at Climateer Investing, WE RECYCLE!
And from Yahoo Finance, September 26:
Federal Reserve Vice Chair for Supervision Michelle Bowman reiterated on Friday that she believes decisive interest rate cuts are needed to ward off rising trouble in the job market.
“Recent data show a materially more fragile labor market along with inflation that, excluding tariffs, has continued to hover not far above our target,” Bowman said in the text of a speech delivered before a gathering of the Forecasters Club of New York.
Citing many months’ worth of data showing mounting issues in the job market, Bowman said it is time for the rate-setting Federal Open Market Committee “to act decisively and proactively to address decreasing labor market dynamism and emerging signs of fragility.”
She said “we are at serious risk of already being behind the curve in addressing deteriorating labor market conditions,” and noted “should these conditions continue, I am concerned that we will need to adjust policy at a faster pace and to a larger degree going forward.”
When the rate-setting Federal Open Market Committee met last month policymakers trimmed their overnight interest rate target range by a quarter of a percentage point to between 4% and 4.25%. While officials are still worried about inflation being above their target, their rate cut was aimed at helping bolster the job market.
One Fed governor voted in favor of a larger rate cut but Bowman joined with her colleagues to support the 25-basis point easing. Bowman had dissented at the Fed’s meeting at the end of July in favor of a rate cut while most officials then favored keeping rates steady....
....MUCH MORE
The Open Market Committee is still behind the curve. If interested see September 9's "Today's Jobs Number Revisions: The Fed Is, And Has Been, Behind The Curve (plus Murray Rothbard does a driveby on statistics)"
Here is the speech referenced in the article:
September 26, 2025
Thoughts on Monetary Policy Decisionmaking and Challenges Ahead
Vice Chair for Supervision Michelle W. Bowman
At the Forecasters Club of New York Luncheon, New York, New York
And here is Michelle Bowman's mini-bio at the Federal Reserve:
Michelle W. Bowman, Vice Chair for Supervision:
Michelle W. Bowman took office as the Vice Chair for Supervision of the Board of Governors of the Federal Reserve System on June 9, 2025, for a four-year term. Ms. Bowman has served as a member of the Board of Governors of the Federal Reserve System since taking office on November 26, 2018, to fill an unexpired term ending January 31, 2020. She was reappointed to the Board on January 23, 2020, and sworn in on January 30, 2020, for a term ending January 31, 2034.
Prior to her appointment to the Board, Ms. Bowman served as the state bank commissioner of Kansas from January 2017 to November 2018. She also served as vice president of Farmers & Drovers Bank in Kansas from 2010 to 2017.
In addition to her experience in the banking industry, Ms. Bowman worked in Washington, D.C. for Senator Bob Dole of Kansas from 1995 to 1996 and served as a counsel to the U.S. House Committee on Transportation and Infrastructure and the Committee on Government Reform and Oversight between 1997 and 2002. In 2002, Ms. Bowman became director of congressional and intergovernmental affairs at the Federal Emergency Management Agency. From 2003 to 2004, she served as Deputy Assistant Secretary and policy advisor to Homeland Security Secretary Tom Ridge.
Following her time in Washington, D.C., Ms. Bowman led a government and public affairs consultancy based in London before returning to Kansas in 2010.
Ms. Bowman received a BS in advertising and journalism from the University of Kansas and a JD from the Washburn University School of Law. She is a member of the New York Bar.
Ms. Bowman is married with two children.
