Political Quotes

“Mr. President, I rise to speak on the nomination of Commissioner Michelle Bowman to be a Member of the Board of Governors of the Federal Reserve System. The Federal Reserve is charged with ensuring financial institutions are safe and sound, promoting financial stability and carrying out U.S. monetary policy. Decisions made by the Federal Reserve have a significant impact on the economy, businesses, and households across the Nation. Commissioner Bowman is highly qualified to fill the Federal Reserve Board role reserved for a person with community banking experience. Commissioner Bowman has served as the State Bank Commissioner of Kansas since February 2017. Prior to that, she worked as a vice president at Farmers and Drovers Bank, a Kansas-based community bank with $175 million in assets. She has also previously served in a number of government roles, including as a staffer in both the Senate and House, as well as in various roles at the Department of Homeland Security. Commissioner Bowman learned banking from the frontlines to the back office at Farmers and Drovers Bank, an institution with which her family first became involved in 1882. As a former community banker and bank regulator, she is intimately familiar with the business of banking, its regulatory framework, and how regulators' decisions impact banks and the communities in which they operate.…”