economy
Fed nominee Warsh filings detail vast wealth, far exceeding past chairs
Kevin Warsh, nominee to lead the Federal Reserve, detailed his holdings in newly released financial disclosures.
TL;DR
- Kevin Warsh, President Trump's nominee for Federal Reserve chair, has disclosed significant personal wealth.
- His combined holdings with his wife, Jane Lauder, are approximately $192 million, with potential for much more.
- Warsh's individual holdings range from $135 million to $226 million.
- His wealth is substantially greater than that of former Fed chairs like Jerome Powell and Ben Bernanke.
- He reported $10 million in income from advising investor Stanley Druckenmiller and additional income from other firms and Stanford University.
- Warsh's filings detail roughly 1,800 individual assets, many with undisclosed values due to confidentiality.
- He plans to divest these assets if confirmed.
- A confirmation hearing is set for April 21, but Senator Thom Tillis intends to block his candidacy until a probe into Jerome Powell is resolved.
- Warsh also disclosed holdings in companies like Polymarket, SpaceX, and cryptocurrency firms.