financetom
Economy
financetom
/
Economy
/
Fed's Bowman picks staff from Goldman, Davis Polk and BPI, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fed's Bowman picks staff from Goldman, Davis Polk and BPI, Bloomberg News reports
May 26, 2025 5:28 AM

(Reuters) -U.S. Federal Reserve Governor Michelle Bowman has picked three staffers from the banking world, Bloomberg News reported on Friday, citing people familiar with the matter.

The three were picked by Bowman and will be employed by the Fed to work in its Supervision and Regulation Division, according to the report.

The new staff include Randall Guynn, who was chairman of Davis Polk & Wardwell's financial institutions group in New York until earlier this month, the report said.

Another pick is Aleksandra Wells, who until recently was a vice president in Goldman Sachs Group government affairs unit, according to the report. She was on the Federal Reserve Board for about 14 years and worked as an adviser to Bowman, according to her LinkedIn profile.

The third appointment is economist Francisco Covas, who was head of research at the Washington-based Bank Policy Institute and has also worked at the Fed, the report said.

The Fed declined to comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Intuitive Machines, Netflix, Li Auto, Trump Media & Technology, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Intuitive Machines, Netflix, Li Auto, Trump Media & Technology, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Sep 21, 2024
The U.S. stock market had a mixed close on Tuesday. The Dow Jones slipped slightly by 0.4%, finishing at 41,606.18. Meanwhile, the S&P 500 edged up 0.03% to 5,634.58, and the Nasdaq gained 0.2%, closing at 17,628.06. Investors are now keenly awaiting the Federal Reserve’s meeting scheduled for Wednesday, where a cut in interest rates is widely expected. These are...
Explainer-What does a Fed rate cut mean for American households?
Explainer-What does a Fed rate cut mean for American households?
Sep 21, 2024
(Reuters) - The Federal Reserve is set to cut U.S. short-term borrowing costs on Wednesday, a watershed moment that should start to ease some of the financial pressures everyday consumers have felt over the two and a half years that the central bank has battled with high inflation. The Fed, after 5.25 percentage points of increases between March 2022 and...
Oil Rig Count Flat This Week, Baker Hughes Data Show
Oil Rig Count Flat This Week, Baker Hughes Data Show
Sep 21, 2024
03:53 PM EDT, 09/20/2024 (MT Newswires) -- The number of oil rigs in the US were unchanged at 488 for the week ended Friday, according to data compiled by energy services company Baker Hughes ( BKR ) . The tallies for gas and miscellaneous rigs fell by one each on a weekly basis to 96 and four, respectively. A year...
Analysis-Fed rate-cutting cycle could be shallower than expected
Analysis-Fed rate-cutting cycle could be shallower than expected
Sep 21, 2024
NEW YORK (Reuters) - As the U.S. Federal Reserve begins its much-anticipated rate-easing cycle on Wednesday, interest-rate cuts in the months ahead may be shallower than the market expects. Some major investors and analysts see a rate-cutting cycle that could leave rates at relatively high levels due to the ongoing strength of the economy and say that deep cuts would...
Copyright 2023-2025 - www.financetom.com All Rights Reserved