Senate Democrats press Warsh on asset divestiture plan ahead of confirmation hearing
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By Ashleigh Fields
Published on April 21, 2026.
Senate Democrats are urging the Senate to delay Kevin Warsh's confirmation hearing due to lack of transparent disclosures regarding his financial assets. The Democrats argue that Warsh has not provided specific plans to divest his assets and that it is impossible to determine if he has an interest in institutions he would be responsible for regulating as Fed Chair. They also express concerns about his close ties to billionaire investor Stanley Druckenmiller, who could potentially purchase a large share of Warsh’s stock. The Senate Democrats also highlighted allegations of unethical behavior during Warsh' tenure as a Federal Reserve governor and his financial ties to deceased sex offender Jeffrey Epstein. They have urged the Senate Banking Committee Chair Tim Scott to delay Warsh and investigate the Trump administration's probes into Fed Chair Jerome Powell and Fed Governor Lisa Cook.
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