Fed's Bowman plans to cut bank-supervision unit by about 30%, email shows
NegativeFinancial Markets

In a recent email, Federal Reserve Governor Michelle Bowman revealed plans to reduce the bank-supervision unit by approximately 30%. This significant cut raises concerns about the future of regulatory oversight in the banking sector, especially in light of recent financial instabilities. The move could impact how effectively the Fed monitors banks, potentially leading to increased risks in the financial system.
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