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Incoming Fed chair Warsh details first round of asset divestments
Incoming Federal Reserve Chair Kevin Warsh on Tuesday disclosed an initial round of planned asset sales ahead of being sworn in for the job, though the disclosures did not say who the sales were made to. In an Office of Government Ethics form, Warsh listed the names of the holdings but not the dollar value of the sales. At his confirmation hearing in April, Warsh, on track to be the richest Fed chair in the institution's history, said he would bring his holdings in line with government and Federal Reserve ethics rules. Warsh's form listed the sale of an investment called Juggernaut Fund L.P. On his financial ... (full story)
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