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Kevin Wash's appointment is imminent, accelerating the fulfillment of the financial asset divestment commitment

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ME News report: May 20 (UTC+8). Before taking office as the chair of the Federal Reserve, Kevin Woor had sold most of the financial assets he had pledged to divest. The latest government documents show this as an important step in addressing controversy during his nomination process. As one of the wealthiest Federal Reserve officials in history, Woor received a “Proof of Asset Divestment” dated May 16 and issued by the U.S. Office of Government Ethics (OGE). The documents show that he has sold multiple investment holdings worth at least $100 million, but the underlying assets of these investments had not been disclosed previously. However, the document omitted two assets that Woor had previously promised to sell before taking office, each valued between $250,000 and $500,000. According to the financial disclosure documents Woor submitted during his nomination process, his assets totaled at least $192 million. But because the filings are reported in ranges, the public generally believes his actual wealth may be even higher. (Jin10) (Source: ODAILY)
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