A government record published on Aug. 10 shows that Federal Reserve Chair Warsh has sold all financial assets he had pledged to divest under an ethics agreement. Warsh signed a certification of compliance with that agreement last Thursday, and the document was posted on the Office of Government Ethics website on Saturday. Earlier, he had submitted a divestiture certificate showing that most of the assets covered by the pledge had already been sold. The latest disclosure indicates that he has now disposed of the remaining holdings included in the agreement. The report also notes that Warsh is one of the wealthiest officials in Federal Reserve history. He had committed to divesting stakes across multiple investments, though the underlying assets were not disclosed because of confidentiality agreements. Some of those investments were valued at no less than $100 million.
A government record released on Aug. 10 shows that Federal Reserve Chair Warsh has sold all of the financial assets he had pledged to divest.
Warsh signed a certification of compliance with an ethics agreement from the Office of Government Ethics last Thursday. That document was made public on the agency's website on Saturday.
Before that, Warsh had submitted a divestiture certificate showing that he had already sold most of the assets covered by the pledge. The latest disclosure shows that he has now sold the remaining holdings included in the agreement.
The report says Warsh is one of the wealthiest officials in Federal Reserve history. He had pledged to divest stakes in multiple investments. Because of confidentiality agreements, the underlying assets were not disclosed, though some of those investments were valued at at least $100 million.
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