Tlaib Grills Fed's Warsh on Private Meetings, Transparency

Rep. Rashida Tlaib (D-MI) pressed Federal Reserve Chair Kevin Warsh during a House Financial Services Committee hearing over his private meetings with financial institutions, questioning whether the Fed's communications are reaching the right audiences.

"Who are you really talking to?" Tlaib asked, according to a transcript of the exchange. The line of questioning centered on whether closed-door briefings create an information gap between large banks and the broader public.

Warsh defended the Fed's outreach, saying the central bank's communications are "fully transparent" and that meeting logs are published quarterly. He did not address whether the format – often one-on-one or small-group sessions – disadvantages smaller market participants.

The exchange came on a day when the committee also discussed the Fed's rate path and balance sheet plans. No policy action was announced.