Republican Sen. John Kennedy of Louisiana demanded an explanation from a high-ranking Federal Reserve official about debanking conservatives during a Thursday hearing.
President Donald Trump chewed out Bank of America CEO Brian Moynihan in January 2025 over the company’s alleged “debanking” of conservatives for their political beliefs during a speech at the World Economic Forum. Kennedy asked Federal Reserve Vice Chair for Supervision Michelle Bowman about why the agency allowed banks to close the accounts of conservatives and firearms manufacturers during the Senate Banking Committee’s hearing on “rightsizing regulation.” (RELATED: Democrat Mayor Says Gun Owners Should Be ‘Ashamed’)
