Kevin Warsh's Federal Reserve Nomination Reveals Over $100 Million in Assets
Kevin Warsh, nominated by President Trump to lead the Federal Reserve, has disclosed financial assets exceeding $100 million. The disclosure is part of the nomination process, requiring Senate approval. Warsh's assets include significant investments in the Juggernaut Fund LP and consulting fees from Stanley Druckenmiller's investment office. The document, filed with the U.S. Office of Government Ethics, outlines various holdings, including those in artificial intelligence and cryptocurrency sectors. Warsh has pledged to divest certain assets to comply with the Ethics in Government Act if confirmed. His spouse, Jane Lauder, also has substantial holdings, including municipal bonds valued over $1 million. The Senate Banking Committee has yet to schedule a hearing for Warsh's confirmation, and a key Republican lawmaker has indicated plans to block the nomination pending a Department of Justice investigation into current Fed Chair Jerome Powell.