Banking Committee Minority Staff Release New Report Analyzing Kevin Warsh's Financial Disclosures

Banking Committee Minority Staff Release New Report Analyzing Kevin Warsh's Financial Disclosures

Committee Staff Compile "Expansive Wealth, Limited Disclosures" Report Ahead of Tuesday's Hearing with Warsh

Read the Full Report (PDF)

Washington, D.C. - Ahead of the Senate Banking, Housing, and Urban Affairs Committee hearing to examine President Trump's Federal Reserve (Fed) Chair nominee, Kevin Warsh, the Committee's Minority Staff released a new report with comprehensive analysis of Mr. Warsh's publicly available financial disclosures and ethics agreements.

Today's report comes after a call from all Banking Committee Democrats to delay Mr. Warsh's hearing while President Trump's Justice Department continues its pretextual criminal probes against Fed Chair Jerome Powell and Governor Lisa Cook.

The Banking Committee Minority Staff analysis centered around four main themes, deriving their findings from Mr. Warsh's publicly available financial disclosures, ethics agreements, and publicly available data:

1. Kevin Warsh has not disclosed key sources of his wealth and income and has not provided key details about his planned divestitures.
2. Mr. Warsh made his fortune at the expense of workers and families.
3. Mr. Warsh's wealth appears intricately tied to billionaire investor Stanley Druckenmiller whose investing strategy is driven, in part, by his predictions regarding Fed monetary policy.
4. Mr. Warsh's name appears in the Epstein files, and his financial disclosures raise additional unanswered questions regarding potential links to Mr. Epstein.

Without transparent information on his holdings and divestures, there is no way for the public to have confidence that Mr. Warsh is making decisions based on what is in the best interest of our economy, instead of his own bottom line or the interests of Wall Street.

Read the full report HERE.

###

• Print
• Email
• Tweet