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.