According to online reports, people familiar with the matter revealed that the Trump administration will nominate Federal Reserve Governor Bowman as Vice Chairman of Federal Reserve Supervision as early as today. Earlier this year, Barr resigned as the Fed's vice chairman for oversight, avoiding a possible battle with Trump over the position. Barr said in January that the risk of a dispute in the position could distract the Fed from its mission. The White House did not immediately respond to a request for comment.