Warsh Edges Closer to Divestment Promise Ahead of Swearing In
5 Articles
5 Articles
Incoming Fed Chair Kevin Warsh Begins Asset Selloff Ahead of Swearing-In
(Washington, DC) – Incoming Federal Reserve Chair Kevin Warsh has started selling off financial assets as he prepares to take over the nation’s central bank. Warsh disclosed the first round of divestments Tuesday, a move meant to bring his personal finances in line with federal ethics requirements and Federal Reserve rules before he officially assumes the role. The filing listed the names of the funds and holdings being sold, but did not disclos…
In a form submitted to the Office of Government Ethics, the future chairman of the US Federal Reserve listed the names of the assets, but not the dollar value of the sales.
Warsh Edges Closer to Divestment Promise Ahead of Swearing In
Kevin Warsh has sold most of the financial holdings he promised to divest from before becoming chair of the Federal Reserve, a key step in addressing a point of controversy surrounding his confirmation, a new government record showed.
Kevin Warsh sold at least $100 million in assets before taking over as Fed chair
Kevin Warsh has unloaded more than $100 million in investment holdings before taking the top job at the Federal Reserve, after his wealth and private assets became a major issue during his confirmation fight. According to an ethics filing made on May 16, the Office of Government Ethics provided him with a certificate of divestiture after he sold significant portions of investments, of which the public does not have knowledge of all the underlyin…
Coverage Details
Bias Distribution
- 67% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
