Summary
Kevin Warsh, picked by President Donald Trump to lead the Federal Reserve, reported having assets worth more than $100 million. These assets, if accurate, would make him the wealthiest leader of the central bank to date if confirmed. Warsh has pledged to sell certain assets to comply with Federal Reserve ethics rules if he is confirmed.
Key Facts
- Kevin Warsh is nominated by President Trump to lead the Federal Reserve.
- Warsh's financial disclosure suggests he has assets worth more than $100 million.
- His investments include two worth over $50 million each.
- Warsh committed to selling certain assets to meet ethics requirements.
- Federal Reserve ethics rules limit what officials can own or invest in.
- Warsh's financial disclosures will be reviewed in a confirmation hearing.
- His spouse, Jane Lauder, has interests in the Estee Lauder company.
- Warsh's liabilities include a mortgage and a revolving line of credit.
