Senator Elizabeth Warren grilled Federal Reserve Chairman Kevin Warsh over banking ethics and alleged meetings with financial experts.
Senator Elizabeth Warren questioned Federal Reserve Chairman Kevin Warsh during his congressional testimony regarding ethical oversight. The hearing featured heated exchanges over potential conflicts of interest and the actions of other central bank officials. During questioning, Elizabeth Warren pressed Kevin Warsh about reports suggesting that Fed Vice Chair for Supervision Michelle Bowman attended a private banker gathering during a restricted period. Warsh indicated he would leave the investigation of that matter to the Fed’s Office of Inspector General. The exchange also focused on Warren’s insistence that Warsh address how he divested over $100 million in assets prior to taking office. After Warren repeated accusations, Senator Mike Rounds of South Dakota advised Warsh that the questioning seemed overly aggressive. Warsh confirmed that he complied with all necessary requirements, stating definitively that no one gave him any money before he was sworn in. Warsh also emphasized the positive economic impact of artificial intelligence, arguing it is poised to boost U.S. productivity.