U.S. Federal Reserve Chairman Kevin Warsh said he is interested in the findings of an Inspector General investigation into a meeting between the central bank's top regulator and market participants during a quiet period for Fed officials, but added that he does not want to "micromanage" or prejudge the outcome.Warsh, questioned during a Senate Banking Committee hearing by the panel's top Democrat, Elizabeth Warren, about Fed Vice Chair for Supervision Michelle Bowman's attendance at a Bank of America Client event right after the Fed's June 16-17 rate meeting, said he would leave any further action to the Fed's internal watchdog."I can answer a simple question, which is I wasn't at the meeting. I don't know the facts, but I'd be very interested in fact-finding being done by an independent inspector general," Warsh said.
Fed's Kevin Warsh says interested in probe of Bowman bank meeting, won't prejudge outcome
Federal Reserve Chairman Kevin Warsh has shown keen interest in probing a discussion that took place between a top regulator and participants from the market. This meeting followed a recent Federal Reserve rate decision. Warsh clarified that he would not interfere with the ongoing investigations led by the internal watchdog, opting instead to await the findings from the independent inspector general.
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