Kevin Warsh Faces Senate Scrutiny Over Financial Disclosure
AP News
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President Donald Trump’s nominee to run the Federal Reserve, Kevin Warsh, is likely to face tough questions about his vast financial holdings at a hearing next week by the Senate Banking Committee.
Massachusetts Sen. Elizabeth Warren, the top Democrat on the panel, said she had met with Warsh Thursday and urged him to disclose more information about his assets than was included in financial disclosure forms released earlier this week.
Warsh, a former top official at the Fed and a wealthy investor, listed financial assets worth well more than $100 million.
It’s the latest hurdle for Warsh, who is already facing an unusually turbulent path toward the Fed chair position.
Warsh faces scrutiny over wealth
- Warren calls for greater transparency into Federal Reserve nominee Boston Globe —
- Senate Democrats raise alarm over Kevin Warsh’s $100mn of ‘undisclosed’ assets Financial Times —
- Kevin Warsh wants to lead a scandal-ridden Fed. His wealth is a complication. CNBC —
- Democrats Make Final Push to Delay Confirmation Hearing of Trump’s Fed Pick The New York Times —
- Everyone was wondering what Trump wanted more: Warsh smoothly seated at the Fed, or for Powell to pay. We now have an answer. Fortune —