Trump's Fed Pick Discloses Vast Wealth Ahead of Confirmation Hearing

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https://www.nytimes.com/2026/04/14/business/trump-federal-reserve-warsh.html

Trump’s Fed Pick Discloses Vast Wealth Ahead of Confirmation Hearing
Kevin M. Warsh vowed to divest a substantial amount of his more than $100 million in assets as he faces a complicated path to becoming the next chair of the Federal Reserve.
By Colby Smith, Tony Romm and Steven Rich
April 14, 2026, 10:09 a.m. ET

The Senate will hold a hearing next week to consider Kevin M. Warsh as the next chair of the Federal Reserve, after Mr. Warsh submitted detailed disclosures showing that he would divest a substantial amount of his more than $100 million in assets.

Mr. Warsh, who previously served as a governor at the Fed between 2006 and 2011, will be grilled by members of the powerful Senate Banking Committee, which oversees the central bank. Scheduling the hearing was contingent on Mr. Warsh submitting financial disclosures and other forms to the Office of Government Ethics, a process that had been delayed the previous week. The hearing has not been officially scheduled, but is expected to take place on Tuesday.

Mr. Warsh’s 69-page financial document shows that his assets may be valued between $131 million and $209 million, making him significantly wealthier than any previous Fed chair. The calculation is imprecise given the nature of the filings, which measure the value of stocks, bonds and other financial assets in large ranges, sometimes without a maximum amount listed.

Mr. Warsh is married to Jane Lauder, the daughter of Ronald Lauder, who is the billionaire heir to the Estée Lauder fortune. Ms. Lauder also holds hundreds of millions of dollars in additional assets.

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