During a Senate Banking Committee hearing Wednesday, Senator Elizabeth Warren pressed Federal Reserve Chair Kevin Warsh over a reported ethics breach by Vice Chair for Supervision Michelle Bowman, who allegedly spoke at a Bank of America dinner during a blackout period. Warren criticized Warsh for not questioning Bowman about the incident, asking why he had failed to do so and suggesting his inaction reflected a culture tolerant of misconduct. Warsh responded that he would rely on the Fed’s inspector general rather than prejudging the matter. The exchange was part of a broader confrontation where Warren also accused Warsh of concealing the source of over $100 million in asset sales made before taking office, though Republican Senator Mike Rounds later gave Warsh an opportunity to deny receiving any such payment.