US Senators Demand Transparency on Fed Inspector General's Salary
US Senators Rick Scott and Elizabeth Warren have requested salary information from the Federal Reserve's inspector general, Mark Bialek, in an effort to make the role more independent. Concerns have been raised about potential conflicts of interest, as Bialek's salary is tied to the compensation of the Fed officials he investigates. The senators propose appointing the inspector general through presidential appointment and Senate confirmation. The request comes as Congress seeks tighter oversight of banking regulators following recent bank failures. Bialek has faced criticism for his handling of a securities trading scandal, but he has defended his agency's independence and investigative capabilities.