According to information obtained from a source in the White House, today, in the afternoon, President Donald Trump appointed Michelle Bouman to the position of Deputy Chair of the Federal Reserve System.
Michelle Bouman previously held the position of economic adviser in the White House and is known as a prominent economist. After her appointment to the new position, Bouman stated: "I am honored and proud to be appointed to this role at such an important time for our country. I eagerly await the opportunity to apply my knowledge and experience in working with the Federal Reserve System."
Her candidacy will have to be approved by the U.S. Senate. According to the source, with the agreement of the senators, Michelle Bouman will become the second person in charge of the Federal Reserve System after Jerome Powell, who was recently re-elected for a second term.
