Senator Warren Challenges Fed's Warsh About Ethics, Bowman

Summary

Senator Elizabeth Warren grills Fed Chair Kevin Warsh on ethics and culture, citing personal trading scandals, his own undisclosed asset sales, and Vice Chair Bowman's alleged blackout-period dinner with Wall Street. Warsh defends his compliance and defers to the inspector general, while Warren warns his tone invites corruption.

• Warren highlights at least six senior Fed officials implicated in personal stock trading scandals.
• She questions Warsh about selling over $100 million in private investment funds without disclosing underlying assets.
• Warsh states he honored obligations to the Office of Government Ethics but does not name the buyer.
• Warren raises Vice Chair Bowman's reported speech at a closed-door Bank of America dinner during an FOMC blackout.
• Warsh praises Bowman as an excellent colleague and declines to prejudge the inspector general's review.
• Warren accuses Warsh of setting a tone that encourages corruption; Warsh says he emphasizes accountability and integrity.
• The exchange is entirely about governance and ethics, with no market or investment theses presented.