Opinion
Opinion

There’s a New Sheriff at the Fed

There’s a New Sheriff at the Fed
Federal Reserve Chairman Jerome Powell speaks with Michelle Bowman (L), vice chair for supervision, as he chairs a Federal Reserve Board open meeting discussing proposed revisions to the board's supplementary leverage ratio standards at the Federal Reserve Board building in Washington, D.C., on June 25, 2025. Saul Loeb/AFP via Getty Images
Bryan Cutsinger
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Commentary
In June, in her first public speech as the Federal Reserve’s vice chair for supervision, Michelle Bowman laid out her vision for how the central bank should oversee and regulate US banks. At the heart of her approach is pragmatism: identifying problems, crafting efficient solutions, analyzing both intended and unintended consequences, and considering alternative approaches that might produce better results at lower cost.
Bryan Cutsinger
Bryan Cutsinger
Author
Bryan Cutsinger is an assistant professor of economics at the Norris-Vincent College of Business at Angelo State University, where he also serves as the assistant director of the Free Market Institute, and a research assistant professor at the Free Market Institute at Texas Tech University. Dr. Cutsinger’s research focuses on monetary history and political economy. His scholarly work has been published in leading economic journals, including Economics Letters, the European Review of Economic History, Explorations in Economic History, Public Choice, and the Southern Economic Journal. His popular writing has appeared in the National Review, the Wall Street Journal and the Washington Examiner. Dr. Cutsinger received his B.A. in economics from the University of Colorado at Boulder, and his M.A. and Ph.D. in economics from George Mason University, where he was awarded the William P. Snavely Award for Outstanding Achievement in Graduate Studies in Economics.