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Senators Warren and Scott Call Assertions Made by FRB Inspector General an "Act of Self-Preservation"

Senators Elizabeth Warren (D-MA) and Rick Scott (R-FL) criticized Federal Reserve Board ("FRB") Inspector General Mark Bialek for his opposition to a bipartisan bill (S.915) that would require a President-appointed and Senate-confirmed Inspector General of the FRB.

In a letter addressed to Mr. Bialek, the Senators argued that his claims, made in a letter to Mr. Scott, stating his opposition of S.915, were an "act of self-preservation to retain [his] current position."

Primary Sources

  1. Senate Letter to FRB Inspector General Mark Bialek (May 16, 2023)
  2. Elizabeth Warren Press Release: Ahead of Subcommittee Hearing, Senators Warren, Scott Criticize Failures of Fed IG, Introduce Bipartisan Legislation to Eliminate Conflicts of Interest and Promote Accountability at the Fed

Tags

Individuals
Elizabeth A. Warren
Regulated Entities
Regulatory Agencies
Body of Law
Banking Law
Jurisdiction
US - Federal
Organization
States