Fed's Warsh says interested in probe of Bowman bank meeting, won't prejudge outcome
TLT•Warsh says he wants independent fact-finding
WASHINGTON, July 15 (Reuters) - 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.
