Warren grills Fed chair over colleague’s private dinner with Wall Street bankers
Summary
Senator Elizabeth Warren questioned Federal Reserve Chair Kevin Warsh at a Senate hearing about how he managed an investigation into a Fed official who attended a private dinner with Wall Street bankers. The hearing focused on whether this meeting raised concerns about conflicts of interest or rules for Fed officials.Key Facts
- Senator Elizabeth Warren is from Massachusetts and a member of the Senate Banking Committee.
- Kevin Warsh is the new Chair of the Federal Reserve.
- The issue involves Fed Vice Chair of Supervision Michelle Bowman attending a private dinner with bankers from Wall Street.
- Warren asked Warsh how the Fed investigated this private dinner.
- The concern is about possible conflicts of interest or improper relations between Fed officials and bankers.
- The hearing took place on a Wednesday with Senate oversight of financial regulation.
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