Federal official face inquiry over BofA event
Democratic members of the Senate requested the Federal Reserve's Office of Inspector General to investigate the attendance of Vice Chair for Supervision at the Federal Reserve, Michelle Bowman, at a Bank of America event following the June Federal Open Market Committee meeting. The inquiry aims to determine whether her presence violated confidentiality rules and restrictions on disclosures during the meeting period. Bowman confirmed her adherence to all relevant rules, while the Federal Reserve has not yet commented on the investigation.
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