Bowman's Expected Rise to Fed Vice Chair Was No Accident

Industry mounted a furious lobbying campaign to fill the post

Michelle Bowman’s expected ascension to the Fed’s top regulatory job is a big boon to banks – and it was no accident. The industry has spent the past weeks frenetically lobbying the Trump administration and congressional Republicans to ensure that the vice chair for supervision post was filled immediately.

The campaign, sources say, was all hands on deck…