Kevin Warsh set to take office soon, accelerating the completion of financial asset divestiture commitments

Odaily Planet Daily News Before assuming the role of Federal Reserve Chairman, Kevin Warsh has sold most of the financial assets he pledged to divest. The latest government documents show this is an important step to resolve the controversy surrounding his nomination process.

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

According to the financial disclosure documents Warsh submitted during the nomination process, his assets amount to at least $192 million. However, because the filings use a range format, it is widely believed that his actual wealth could be higher. (Jin Shi)