The Senate Banking Committee’s top Democrat urged the Federal Reserve’s inspector general to examine whether the vice chair for supervision broke central bank rules at a private client event.
Senator Elizabeth Warren, the leading Democrat on the Senate Banking Committee, urged the Federal Reserve’s inspector general to examine whether Fed Vice Chair for Supervision Michelle Bowman breached central bank rules by delivering remarks at a private Bank of America dinner for the firm’s clients last month. The Wall Street Journal reported the request on Wednesday, and Reuters said it could not independently verify the report.