Updated
Updated · The Washington Post · Jun 20
Fed Governor Bowman Spoke at Bank of America Dinner Hours After Rate Meeting
Updated
Updated · The Washington Post · Jun 20

Fed Governor Bowman Spoke at Bank of America Dinner Hours After Rate Meeting

3 articles · Updated · The Washington Post · Jun 20

Summary

  • Michelle Bowman spoke at a private Bank of America dinner for clients on Wednesday, just hours after a Federal Reserve policy meeting.
  • The appearance came during the Fed's quiet period, when officials are restricted from public interactions, raising the possibility that Bowman breached central bank rules.
  • Three people familiar with the event said the dinner was hosted by Bank of America, placing the episode under scrutiny because Bowman is also the Fed's top banking regulator.

Insights

With Basel III rules softening and private bank dinners occurring, is the Fed prioritizing big banks over Main Street?
The Fed’s top regulator dines with a major bank during its quiet period. Is the wall between the Fed and Wall Street crumbling?