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Fed’s Bowman sees 30% reduction in bank-supervision arm – report (US10Y:) (US10Y:) (US10Y:) (DXY:)

Department of Treasury

Douglas Rissing

Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday that she expects the central bank’s supervision and regulation unit to shrink by around 30% to ~350 employees by the end of next year.

She said the reduction would primarily

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