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Fed Chair Nominee Kevin Warsh Files Disclosures Showing Massive Wealth Ahead of Senate Hearing
Kevin Warsh, President Donald Trump’s nominee for Federal Reserve chair, has filed financial disclosures ahead of a Senate Banking Committee confirmation hearing planned for next week, revealing holdings that exceed those of recent Fed leaders.
- Warsh disclosed assets estimated between roughly $131 million and $209 million, with additional hundreds of millions tied to his wife’s holdings.
- He reported more than $10 million in advisory income from Duquesne Family Office, along with additional income from Stanford University and financial firms.
- Warsh listed board roles at United Parcel Service ($UPS) and Coupang ($CPNG), and said he will resign and divest assets if confirmed.
- The filing details roughly 1,800 assets, including holdings subject to confidentiality restrictions.
- The confirmation hearing will examine Warsh’s views on inflation, interest rates, and Federal Reserve independence.
- Sen. Thom Tillis has said he will not support the nomination until a Justice Department investigation tied to the Federal Reserve is resolved.
Relevant Companies
- United Parcel Service ($UPS) – Warsh disclosed board membership and equity holdings that would be divested if confirmed.
- Coupang ($CPNG) – Warsh holds shares and serves on the board, with planned divestment upon confirmation.
Editor’s Note: This is a developing story. This article may be updated as more detail
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