Kevin Warsh on the verge of taking office, accelerating completion of financial asset divestiture commitments

Odaily Odaily reported that before becoming the Chairman of the Federal Reserve, Kevin Warsh sold most of the financial assets he had committed to divest. The latest government documents show this is an important step to resolve the controversy during his nomination process.

As one of the wealthiest Fed officials in history, Warsh obtained a "Certificate of Divestiture" dated May 16th from the U.S. Office of Government Ethics (OGE). The documents show he sold multiple investment holdings worth at least $100 million, but the underlying assets of these investments had not been previously disclosed. However, the document omitted two assets Warsh had previously pledged to sell before taking office, each valued between $250,000 and $500,000.

According to financial disclosure documents Warsh submitted during the nomination process, his assets are at least $192 million. However, since the declarations are in range format, it is widely believed that his actual wealth could be higher. (Jinshi)