Kevin Warsh, on the verge of assuming office, accelerates the completion of financial asset divestiture commitments

Odaily Planet Daily News: Ahead of taking office as Chairman of the Federal Reserve, Kevin Warsh has already sold most of the financial assets he committed to divest. The latest government documents show this is a significant step to resolve the controversy surrounding his nomination process.

As one of the wealthiest Federal Reserve officials in history, Warsh obtained a "Certificate of Divestiture" dated May 16th, issued by the U.S. Office of Government Ethics (OGE). The documents show he has sold multiple investment holdings worth at least $100 million, though the underlying assets of these investments were not previously disclosed. However, the document omits two assets that Warsh had previously committed to selling before taking office, each valued between $250,000 and $500,000.

According to the financial disclosure documents submitted by Warsh during the nomination process, his assets amount to at least $192 million. However, since the declaration uses interval form, it is widely believed that his actual wealth may be higher. (Jin Shi)