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