US EditionSen. Warren calls for greater transparency into Federal Reserve nominee’s financial holdings
Warren says Warsh’s filings leave more than $100 million in assets partly undisclosed and raise ethics concerns before next week’s Senate hearing.
- On Thursday, Massachusetts Sen. Elizabeth Warren met with Federal Reserve chair nominee Kevin Warsh, urging him to disclose more information about his assets totaling more than $100 million. Warren argued his current filings lack sufficient detail for Senate ethics compliance.
- Warsh's financial filings, made public on Tuesday, contained gaps regarding his assets "due to pre-existing confidentiality agreements." He holds stakes in crypto-related platforms including Tenderly and Stashfin, pledging to divest if confirmed.
- Senate Banking Committee Democrats and Republican Thom Tillis called Thursday to delay next week's hearing until the Justice Department drops investigations into Fed Chair Jerome Powell and Fed Governor Lisa Cook. Tillis termed the probe "frivolous."
- Warren also expressed concern that Warsh's name appeared in documents related to Jeffrey Epstein released earlier this year. Without further details, she said it is impossible to understand his "entanglements" or ensure ethics compliance.
- The Trump administration aims to confirm Warsh by May 15, when Fed Chair Jerome Powell's term concludes. Democrats warn these moves "appear to be part of the Trump Administration's broader effort to take control of the Fed.
23 Articles
23 Articles
New Trump pick's 'credibility problem' made worse by his 'dangerous' plan: analyst
President Donald Trump's choice for the new Federal Reserve Chair has hit a major snag that could make confirming Kevin Warsh tricky. Analysis from the New York Times' Editorial Board suggests that, should Warsh be confirmed as the next Fed Chair, an already clear problem over his dependability will...
LA Daily News
Federal Reserve nominee Kevin Warsh faces Senate scrutiny over financial holdings
Fed nominee Kevin Warsh will be questioned about his $100 million-plus financial assets.
Associated Press News
Sen. Warren calls for greater transparency into Federal Reserve nominee's financial holdings
President Donald Trump’s nominee to run the Federal Reserve, Kevin Warsh, is likely to face tough questions about his vast financial holdings at a hearing next week by the Senate Banking Committee.
Fed Chair Nominee Warsh's Disclosures Don't Comply with Senate Ethics Rules: Sen. Warren
Democratic Sen. Elizabeth Warren on Thursday said she believes the holes in Federal Reserve chair nominee Kevin Warsh’s financial disclosures of his more than $100 million in assets do not pass muster with Senate ethics rules and add to reasons his confirmation hearing set for Tuesday should be delayed. “This hearing should not go forward, now, until these financial disclosures are resolved, until he is in compliance with ethics rules,” the top …
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