Senator Elizabeth Warren, who serves as the top Democrat on the Senate Banking Committee, is calling on the Federal Reserve’s inspector general to investigate a potential rules violation by one of the central bank’s top officials.
According to a Wall Street Journal report published Wednesday, Warren sent a request urging the Fed’s internal watchdog to look into whether Fed Vice Chair for Supervision Michelle Bowman crossed a line when she spoke at a private dinner hosted by Bank of America for the company’s clients last month.
The question at the center of the inquiry is whether Bowman’s participation in that closed-door event violated the Federal Reserve’s own conduct guidelines.
Reuters, which cited the Wall Street Journal report, noted it was unable to independently confirm the details of the story.
