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Announced Wed, 15 Jul · 20:56 IST
Fed's Kevin Warsh says interested in probe of Bowman bank meeting, won't prejudge outcome
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AI summary
US Fed Governor Kevin Warsh said he is interested in fact-finding by the independent inspector general into Fed Vice Chair for Supervision Michelle Bowman's attendance at a Bank of America client event immediately after the Fed's June 16-17 rate meeting. Warsh, questioned by Senator Elizabeth Warren at a Senate Banking Committee hearing, said he was not at the meeting and would not prejudge the outcome. The matter relates to potential communication of sensitive policy information, with implications for Fed credibility and global rate expectations.