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Kevin Warsh, who is facing a complicated route to potentially becoming the next chair of the Federal Reserve, has pledged to divest a substantial portion of his more than $100 million in assets.
Colby Smith reported that Warsh made this commitment ahead of his expected hearing before the Senate Banking Committee on Tuesday.
Smith has previously reported mounting concerns as the U.S. administration increases access to private credit and considers changes to 401k rules, according to one recent article. In a separate piece, Smith said that the Iran conflict has worsened divisions among Fed officials, complicating their search for consensus on rates during policy discussions. These developments come as the Senate prepares to consider Warsh’s nomination.