New Fed Chair Warsh completes promised divestiture, records show

Investing.com -- Federal Reserve Chairman Kevin Warsh has completed the sale of all financial holdings he pledged to divest, according to a government record.

Warsh signed an ethics agreement compliance certification with the Office of Government Ethics dated Thursday, and the filing was made public on the agency's website on Saturday.

The Fed leader, who assumed his role in May, had previously filed a certificate of divestiture with the ethics office showing he had sold most of the holdings he had promised to sell. The latest disclosure indicates he has sold the remaining stakes that were part of the agreement.

Warsh ranks among the wealthiest Fed officials in history. He had committed to divest stakes in various investments whose underlying holdings were not disclosed due to confidentiality agreements, including some worth at least $100 million.

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