Senator Warren Asks Fed For What Media Couldn't Get

Senator Warren and Representative Cummings ask the U.S. Federal Reserve to provide details of an internal leak investigation, as bank regulator comes under increased scrutiny

Media reports that came out in December of 2014 discussing leaked trading information from the U.S. Federal Reserve (Fed) to traders have resulted in two Congressional Democrats publicly seeking information on the Fed’s internal investigation.

Senator Elizabeth Warren and Representative Elijah Cummings Want Answers

Senator Elizabeth Warren (D-MA), Representative Elijah E. Cummings (D-MD) sent a letter to Scott Alvarez, General Counsel of the Federal Reserve Board, seeking information about his internal investigation into a leak of “market moving information” from a Federal Open Market Committee (FOMC) meeting in September...