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US Senator Warren Calls for Fed Watchdog Review of Bowman’s BofA Dinner, WSJ Reports

US Senator Warren Calls for Fed Watchdog Review of Bowman’s BofA Dinner, WSJ Reports


July 1 (Reuters) – A group of Senate ⁠Democrats ⁠requested on Wednesday that ⁠the Federal Reserve’s in-house watchdog investigate a meeting ​by the central bank’s top bank regulator and financial market ‌participants held during a quiet ‌period for Fed officials.

Citing Fed Vice-Chair for Supervision ⁠Michelle Bowman’s ⁠attendance at a Bank of America client event held ​right after the June 16-17 Federal Open Market Committee meeting, the senators wrote “we ask” the Fed’s Inspector General “to review whether her ​attendance or comments violated any statutes, rules, regulations, policies, or ⁠procedures ⁠and whether the Fed’s ⁠existing ​framework governing such external events should be strengthened.”

The letter was authored ​by Senators Elizabeth ⁠Warren, Jack Reed, and Chris Van Hollen, and was written to Fed I.G. Michael Horowitz. The letter was first reported by the Wall Street Journal.

Fed rules prevent central ⁠bank officials from speaking on monetary policy issues in the days ⁠ahead of and just after FOMC meetings.

Bowman, in a statement shared by the Fed, said she did not violate central bank policy. “I did not share my views on monetary policy. I have consistently complied with all applicable FOMC and ethics rules and remain firmly committed to doing so,” the official said in ⁠the statement.

The Fed declined to comment on whether it had referred the matter to the I.G. A request for comment with the Inspector General did not get ​an immediate response.

(Reporting by Dagmarah Mackos; Editing by ​Chris Reese and Chizu Nomiyama )

Copyright 2026 Thomson Reuters.



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