Elizabeth Warren blasts Kevin Warsh, saying he ‘seems to invite corruption’

Key Points:

• Senator Elizabeth Warren aggressively questioned Federal Reserve Chairman Kevin Warsh about whether he had inquired into Fed Vice Chair Michelle Bowman's attendance at a private bankers' meeting during the Fed's blackout period, raising concerns about potential ethics violations.
• The blackout period prohibits Fed officials from discussing monetary policy publicly or privately around policy meetings to prevent market manipulation, and Bowman's reported attendance at the June 17 meeting shortly after a Fed session has triggered an ongoing inspector general investigation.
• Warsh declined to say if he had questioned Bowman, citing respect for the independent inspector general's investigation, and also refused to disclose details about a $100 million payment Warren alleged he received before being sworn in as Fed chair.
• Republican Senator Mike Rounds defended Warsh, suggesting his hands-off approach to the Bowman issue was appropriate to avoid accusations of interference, and Warsh denied receiving the $100 million payment when directly asked.