The Federal Reserve is set to appoint Randall Guynn, a seasoned Wall Street lawyer, as its new Director of Supervision, according to sources. Guynn, who has extensive experience representing major U.S. banks, will replace Michael Gibson, who retired last July after over three decades at the Fed. Guynn has been advising Federal Reserve Governor and Vice Chairman for Supervision, Bowman, since May 2025. Guynn's appointment, which requires approval from the Fed's seven-member Board of Governors, signifies a notable shift in the Fed's leadership, traditionally held by long-serving insiders. The timing of the board's vote remains uncertain, but Guynn will continue to report to Bowman once in his new role.