Warsh Edges Closer to Divestment Promise Ahead of Swearing In

Kevin Warsh has sold most of the financial holdings he promised to divest from before becoming chair of the Federal Reserve, a key step in addressing a point of controversy surrounding his confirmation, a new government record showed.

Warsh, who will be among the wealthiest Fed officials in history, received a certificate of divestiture from the Office of Government Ethics dated May 16 showing he had sold his stakes worth at least $100 million in various investments whose underlying holdings had not been disclosed. The document leaves out two such holdings — each valued at between $250,000 and $500,000 — ...