The potential Fed leader’s wealth, which appears to significantly exceed that of Powell, points to a potentially challenging vetting process for legislators.
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Kevin Warsh, a former United States Federal Reserve governor chosen by President Donald Trump to lead the central bank, has submitted financial disclosures indicating he holds assets worth well more than $100m, putting him on track to be the wealthiest central bank leader ever if confirmed.
It is difficult to estimate net worth from US government ethics forms because assets are valued in broad and sometimes open-ended categories. Warsh’s filing, made public on Tuesday, also includes a notable number of gaps and pledges to divest assets if confirmed.
