Prospective Fed Chair Kevin Warsh disclosed his first round of asset divestitures ahead of being sworn in, listing holdings but not sale sizes or buyers.
Context
- Warsh is on track to become the wealthiest Fed chair in the institution's history.
Warsh Discloses Initial Asset Sales Ahead of Fed Role
Prospective Federal Reserve Chair Kevin Warsh disclosed on Tuesday his initial round of asset divestitures before being sworn in as central bank leader.
The disclosed funds listed the names of holdings but did not specify the sizes of the sales or the buyers.
At his April confirmation hearing, Warsh stated he would adjust his holdings to comply with government and Federal Reserve ethics rules.