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Warren and Scott Seek Fed Inspector General Salary Details Over Conflict Concerns

  • Senators Warren and Scott request salary information from the Fed's Inspector General amid concerns his compensation structure creates conflicts of interest.
  • They believe tying the IG's salary to Fed employee bonuses incentivizes downplaying wrongdoing in audits of those officials.
  • The senators introduced legislation to make the IG a Senate-confirmed, independent position not tied to the agency it oversees.
  • Their request comes amid ongoing efforts to increase accountability and oversight of the Federal Reserve following recent issues.
  • The senators set a deadline for detailed responses on salaries and bonuses of specific Fed officials over the past five years.
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