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Fed Chair Kevin Warsh Completes Divestiture of Financial Assets Required Under Ethics Rules
JH Kim
Summary
- Federal Reserve Chair Kevin Warsh has reportedly sold all financial assets he had pledged to divest under government ethics rules.
- Since taking office in May, Warsh had already disposed of most assets covered by his ethics agreement and recently sold his remaining financial assets.
- The final assets sold included investment products whose specific investment holdings were not disclosed, and some were reportedly worth at least $100 million.
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Federal Reserve Chair Kevin Warsh has sold all the financial assets he had pledged to divest under government ethics rules, Walter Bloomberg reported on August 10.
Government ethics disclosure filings show that Warsh, who took office in May, had already sold most of the assets covered by his ethics agreement and recently disposed of the rest.
The final assets sold included investment products whose specific holdings were not disclosed. Some of the assets were valued at at least $100 million.
JH Kim
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