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

MeNews
ME News report: On May 20 (UTC+8), before taking office as Chair of the Federal Reserve, Kevin Worsch had sold most of the financial assets he had committed to divest. The latest government documents show that this is an important step toward addressing controversies during his nomination process. As one of the wealthiest Federal Reserve officials in history, Worsch received an “Asset Divestiture Certification” dated May 16 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 those investments had not been disclosed previously. However, the document omitted two assets that Worsch had previously pledged to sell before taking office; each asset is valued between $250k and $500k. According to the financial disclosure documents Worsch submitted during the nomination process, his asset size totals at least $192 million. But because the filings use range estimates, the public generally believes his actual wealth could be even higher. (Jin10) (Source: ODAILY)
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