Kevin Warsh, U.S. President Donald Trump's nominee to be next chair of the Federal Reserve, attends a Senate Banking Committee confirmation hearing to testify, on Capitol Hill in Washington, D.C., U.S., April 21, 2026. REUTERS/Elizabeth Frantz
(Washington, DC) – Incoming Federal Reserve Chair Kevin Warsh has started selling off financial assets as he prepares to take over the nation’s central bank.
Warsh disclosed the first round of divestments Tuesday, a move meant to bring his personal finances in line with federal ethics requirements and Federal Reserve rules before he officially assumes the role.
The filing listed the names of the funds and holdings being sold, but did not disclose the dollar value of the transactions or identify the buyers.
Warsh, who is expected to become one of the wealthiest Fed chairs in U.S. history, addressed the issue during his confirmation hearing in April. At the time, he said he would make whatever changes were needed to comply with ethics rules designed to prevent conflicts of interest at the central bank.
The Fed chair has enormous influence over interest rates, inflation policy, bank regulation and the direction of financial markets. Because of that power, top central bank officials are required to avoid investments that could raise questions about whether policy decisions benefit their personal portfolios.
The divestments come as investors prepare for a new era at the Federal Reserve under Warsh’s leadership. Markets will be watching closely for any signals about his approach to inflation, rate cuts, economic growth and the Fed’s balance sheet.
For now, Warsh’s first financial move as incoming chair is focused on ethics compliance — clearing out assets before taking control of one of the most powerful economic jobs in the world.
