🚨NEW: Fed Governor Michelle Bowman in the hot seat in the @BankingGOP this morning. Bowman, who’s up to replace Michael Barr as vice chair for supervision, said she wants to launch an independent review of the March 2023 bank failures (SVB, Silvergate, Signature), though she didn’t name the banks directly. Notably, Bowman dissented from Barr’s self-assessment of the Fed’s handling of the failures at the time, calling it a self-serving document that other Fed governors weren’t allowed to review or comment on.