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2026-07-16 14:28:11
[Warren Pressures Warsh on Bowman Dinner Incident, New Fed Chair Avoids Investigation Details] (1) Senator Warren questioned Chairman Warsh at a Senate Banking Committee hearing about Federal Reserve Vice Chairman Bowman's attendance at a Bank of America dinner on June 17 (the night the Fed maintained its interest rate decision), as he may have discussed monetary and regulatory policies during the quiet period; Warren has called on the Inspector General to review Bowman's behavior. (2) Warsh repeatedly refused to disclose whether he had spoken with Bowman or knew the content of their discussions, stating that he would respect the Inspector General's independent investigation and would not make any predictions or interference; Warren countered that it was unacceptable for the chairman not to inquire about the matter. (3) Bowman later denied any wrongdoing, stating that he did not share his views on monetary policy and emphasized that he always adhered to the FOMC and ethical rules; Warsh's testimony was his first testimony to the Senate after being confirmed by a 51-45 vote, following his testimony to the House Financial Services Committee the day before.
