Fed Governor Under Scrutiny Over Closed-Door Dinner Including Remarks During Blackout Period

The Fed's communications guidelines instruct officials not to share personal views on monetary policy with anyone who could profit from that information unless those views have already been made public. (Credit: Getty Images)

Federal Reserve Vice Chair for Supervision Michelle Bowman attended a private dinner hosted by Bank of America for a group of Wall Street clients on June 17, hours after the U.S. central bank announced it would leave interest rates unchanged, prompting scrutiny over whether the appearance complied with the Fed's communications policies.

The gathering in New York included hedge fund executives and other financial industry clients. According to The Washington Post, which cited people familiar with the event, more than 20 clients attended the closed-door dinner.