Kevin Warsh, the former Federal Reserve governor selected by Donald Trump to replace chair Jerome Powell, has submitted financial disclosures that indicate he holds assets worth well over $100m.
The filing is part of the process required for his nomination to move forward in the Senate. That process includes a confirmation hearing, although no date has yet been scheduled.
Warsh’s disclosures were submitted as he seeks approval to lead the central bank. The document provides the financial information senators will review as part of their consideration of his nomination.
Warsh previously served as a Federal Reserve governor, giving him experience inside the institution he has now been picked to lead. His nomination places him at the center of a major personnel decision involving the direction of the U.S. central bank.
The disclosure does not itself determine the outcome of the nomination, but it is a necessary step before the Senate can advance the process. The hearing, once arranged, will be one of the first public opportunities for senators to question Warsh about his background and views.
For now, the filings indicate that Warsh enters the confirmation process with substantial personal wealth. The documents suggest his assets are valued at more than $100m, underscoring the scale of his finances as he prepares for Senate scrutiny.
Trump’s choice of Warsh comes as Powell remains the current chair of the Federal Reserve. If confirmed, Warsh would take over one of the most influential economic roles in the United States.
