Federal Reserve Governor Is ‘Concerned’ About Decline in Number of Banks Since 1983

Federal Reserve Governor Is ‘Concerned’ About Decline in Number of Banks Since 1983
Federal Reserve Governor Michelle Bowman attends an event in Washington on Oct. 4, 2019. Eric Baradat/AFP/Getty Images
Andrew Moran
Updated:
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Federal Reserve Governor Michelle Bowman says she’s troubled by the declining number of financial institutions in the U.S. banking system.

The health and state of the financial sector has come under increased scrutiny in the aftermath of the Silicon Valley Bank and Signature Bank failures.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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