Senator Warren Challenges Fed's Warsh About Ethics, Bowman

• Senator Warren alleges a 'culture of corruption' at the Federal Reserve, citing six senior officials involved in ethics scandals related to personal stock trading and self-dealing.
• Warren questions Kevin Warsh about a $100 million share sale he made before entering office, asking who wrote the check. Warsh states he fully honored obligations with the Office of Government Ethics but does not disclose the buyer.
• Warren questions Warsh about Vice Chair Michelle Bowman reportedly speaking at a 'secret dinner' hosted by Bank of America for hedge fund and Wall Street clients during a Fed blackout period, discussing monetary policy and regulatory policy.
• Warsh deflects the question about Bowman, stating he was not at the meeting and respects the Inspector General's investigation, but he did not ask Bowman about it himself.

Senator Elizabeth Warren challenges former Federal Reserve Governor Kevin Warsh on alleged ethical lapses and a 'culture of corruption' at the Fed. She questions a $100 million share sale by Warsh and a 'secret dinner' attended by Vice Chair Michelle Bowman during a blackout period. Warsh deflects the questions, citing compliance with ethics agreements and ongoing investigations.