Fed Chair Nominee Kevin Warsh Pledges to Divest from Foreign Investment Fund
Fed Chair nominee Kevin Warsh has pledged to divest from the iShares S&P/TSX 60 Index (XIU) fund if confirmed, citing ethical concerns related to his role. The move comes amid a legal investigation into the Fed and its leadership, which may delay his confirmation. Warsh's financial disclosures reveal a broad range of investments, many of which he may need to sell if confirmed.
Topics: Ethics Federal Reserve Financial Disclosure Investment Divestment Regulatory Compliance