world-economy

Warsh Completes Divestment as Fed Chair Confirmation Controversy Fades

Kevin Warsh has disposed of the majority of financial assets he committed to selling before assuming the Federal Reserve chairmanship, according to government filings. The divestment addresses a contentious issue that marked his path to the role. Warsh, 56, secured Senate confirmation in the most divisive vote ever recorded for a Fed chair position, narrowly clearing the threshold needed for approval. His confirmation signals the most polarized leadership transition at the central bank in recent decades and raises questions about institutional independence. Federal Reserve Governor Stephen Miran announced his resignation effective upon Warsh's swearing-in, completing the transition at the top of the monetary policy institution.