Michelle W. Bowman was sworn in Monday as a member of the Board of Governors of the Federal Reserve System, the Fed announced.
Michelle Bowman, governor of the U.S. Federal Reserve nominee for U.S. President Donald Trump, arrives to a Senate Banking Committee confirmation hearing in Washington, D.C., U.S., on Tuesday, May 15, 2018. Bowman, a Kansas state bank commissioner, has been nominated to fill a seat at the Fed Board in Washington reserved for a person with community bank experience. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
The oath of office was administered by Fed Chair Jerome H. Powell. Bowman was accompanied by her husband and her two children.
Bowman was confirmed by the Senate on Nov. 15.
For reprint and licensing requests for this article, click here.
Details surrounding the tariffs — which could be anything from reciprocal tariffs to finally implementing delayed tariffs on Canada and Mexico and on pharmaceuticals — have remained unclear, but uncertainty has plagued the market for weeks.
Moody's Ratings upgraded Nebraska's issuer rating to Aaa from Aa1 on Monday. It also upgraded the state's $24 million certificates of participation to Aa1 from Aa2.
Fallout from the Legacy Cares deal includes bondholder lawsuits against the underwriter and bond counsel, payment defaults, a Chapter 11 bankruptcy, and now fraud charges from the SEC and DOJ.
A bill exempting local governments from a law prohibiting contracts with firms that "boycott" fossil fuels met a key milestone as did a pro-gun blacklist bill.
As Chicago transit agencies and Illinois lawmakers near a deadline to fix a transit budget shortfall of about $770 million, some are calling for a services tax.