Business US

Incoming Fed chair Warsh details first round of asset divestments

By Michael S. Derby

May 19 (Reuters) – Prospective Federal ‌Reserve Chair Kevin ‌Warsh disclosed on Tuesday ​his initial round of asset divestitures ahead of being sworn in ‌as central ⁠bank leader.

The funds listed by Warsh ⁠detailed names of the holdings but not ​the sizes ​of ​the sales, ‌nor who bought the assets. At his confirmation hearing in April, Warsh, on track to ‌be the ​richest Fed chair ​in ​the institution’s ‌history, said he would ​act ​to bring his holdings in line with ​government ‌and Federal Reserve ethics ​rules.

(Reporting by Michael ​S. Derby)

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button