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Kevin Warsh, U.S. President Donald Trump's nominee to be next chair of the Federal Reserve, shakes hands with a person, after Warsh testified at a Senate Banking Committee confirmation hearing, on Capitol Hill in Washington, D.C., U.S., April 21, 2026. REUTERS/Elizabeth Frantz
Kevin Warsh, U.S. President Donald Trump's nominee to be next chair of the Federal Reserve, shakes hands with a person, after Warsh testified at a Senate Banking Committee confirmation hearing, on Capitol Hill in Washington, D.C., U.S., April 21, 2026. REUTERS/Elizabeth Frantz
Home » News » Business & Economy » Incoming Fed chair Warsh details first round of asset divestments
Business & Economy

Incoming Fed chair Warsh details first round of asset divestments

by Reuters

By Michael S. Derby

May 19 (Reuters) – Prospective Federal Reserve Chair Kevin Warsh disclosed on Tuesday his initial round of asset divestitures ahead of being sworn in as central bank leader.

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The funds listed by Warsh detailed names of the holdings but not the sizes of the sales, nor who bought the assets. At his confirmation hearing in April, Warsh, on track to be the richest Fed chair in the institution’s history, said he would act to bring his holdings in line with government and Federal Reserve ethics rules.

(Reporting by Michael S. Derby)

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Reuters
Information you can trust. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. (c) 2025 Thomson Reuters

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