Bipartisan Senators Introduce Federal Reserve Oversight Bill

Senators Rick Scott and Elizabeth Warren have introduced a bill that would require an independent inspector general to oversee the Federal Reserve Board of Governors and the Consumer Financial Protection Bureau. The move comes after two high-profile bank failures and criticism of Fed Chair Jerome Powell's leadership. Warren has been an outspoken critic of Powell and his rollback of banking regulations, while Scott has accused the Fed of failing to regulate large financial institutions. The bill aims to increase transparency and accountability at the world's largest and most powerful central bank.