Gov. Michelle Bowman chose Trump, the top police officer on Wall Street.

President Trump tapped Federal Reserve Governor Michelle W. Bowman as the next vice-chairman for central bank oversight, according to White House officials who are not allowed to speak publicly.

The position was vacated at the end of last month by another Fed governor, Michael S. Barr, who resigned from his role to avoid a prolonged legal battle if the president followed the threat of firing him.

Bowman, who appointed a seven-seat federal board during Trump's first term, has long been seen as a top candidate for the position. As Barr stayed as governor, his term expires in 2032 – Trump's vice-chairman's election was limited to policymakers currently on the board.

When confirmed by the Senate Banking Committee, Bowman could lead more handoff approaches to financial regulation than his predecessor appointed during the Biden administration.

In recent years, Bowman, a former Kansas banking committee member, has positioned himself as a prominent voice for central banks seeking troubling Wall Street.

She voted against Barr's proposal to raise capital requirements to lenders such as JPMorgan Chase and Goldman Sachs. She also assessed her ability to withstand a more transparent crisis, in line with their appeal, to carry out stress tests the Fed places on lenders. The central bank is working to meet these requirements after the lobbying group bank sues it.

Bowman, who worked for community banking during the George W. Bush administration and as an advisor to the Department of Homeland Security, has also become even more vocal about monetary policy issues.

In September, she was the only opponent when the central bank decided to cut interest rates by more than half the usual amount. She feared that such a big move would look like a “premature declaration of victory” on inflation. It was the first time since 2005 that the governor voted against the fee decision.

Since then, Bowman has stuck to her stance that the Fed should be careful of additional interest rate cuts until it is more certain that inflation is back to its 2% target. In a statement last month, she warned that there is a greater risk to price stability, especially while the labor market remains strong, suggesting that she would not immediately support fee cuts.

Unless the governor resigns, Trump will not have the opportunity to shape the Fed's top rank until early next year, when Adriana D. Coogler's term expires. Next May, Jerome H. Powell's term as chairman will also end, but he will be able to remain governor until 2028.