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Elizabeth Warren Has Questions About the Shake-Up Inside the Fed’s Banking Regulator

Senator Elizabeth Warren wrote to Federal Reserve Vice Chair for Supervision Michelle Bowman demanding details on recent internal changes within the Fed’s banking‑supervision division, including reported job cuts and the sidelining of senior examiners. The request also asks for a fresh report on the 2023 collapse of Silicon Valley Bank. Warren’s letters, seen by the Wall Street Journal, reflect growing Democratic scrutiny of the Fed’s oversight apparatus after the SVB failure. The move underscores tension between policymakers and the central bank over transparency and accountability.