Federal Reserve Vice Chair for Supervision Michelle Bowman attended a private dinner hosted by Bank of America in New York on June 18, just hours after the conclusion of the FOMC’s two-day policy meeting. The timing is what makes this interesting.
The dinner took place squarely within the Fed’s so-called “quiet period,” a stretch of time when officials are expected to avoid public commentary on monetary policy. Bowman has stated she complied with all FOMC and ethics rules and did not share her views on monetary policy during the event.
What happened at the FOMC meeting
The June 16-17 FOMC meeting ended with the Fed holding the federal funds rate steady at a target range of 3.5% to 3.75%. The meeting also marked the first under the new leadership of Chairman Kevin Warsh.
Bowman, who became the Fed’s Vice Chair for Supervision on June 9, 2025, appeared at the Bank of America-hosted dinner on June 18, 2026. The event was described as a closed-door, client-focused affair.
