The richest Federal Reserve Chair in history, Kevin Warsh, has completed asset divestiture and signed a compliance certificate for the ethics agreement

According to the Zhitong Finance APP, Federal Reserve Chairman Kevin Warsh has sold all financial assets he previously committed to dispose of, completing the conflict of interest avoidance arrangements made upon his appointment as Federal Reserve Chairman.

According to publicly available records from the U.S. government, Warsh signed a compliance certification for the ethical agreement submitted to the U.S. Office of Government Ethics last Thursday. The relevant documents were made public on the agency's website on Saturday.

The documents indicate that Warsh has fulfilled all asset divestiture requirements stipulated in his ethical agreement, including the remaining investment interests that had not yet been disposed of.

Warsh officially assumed the role of Federal Reserve Chairman in May of this year. Previously, he had submitted a divestiture certification to the U.S. Office of Government Ethics, showing that he had sold most of the financial assets he had committed to dispose of.

The latest disclosure means that Warsh has further sold the remaining investment interests covered by the ethical agreement, thereby completing the previously promised asset divestiture plan.

Senior U.S. government officials typically need to reduce potential conflicts of interest between personal financial interests and their public duties through asset sales, avoidance of related matters, or other measures. For the Federal Reserve Chairman, personal investment situations are particularly scrutinized by the market, as they directly participate in the formulation of U.S. monetary policy, and policy decisions can have widespread effects on the prices of stocks, bonds, and other financial assets.

Warsh is one of the wealthiest senior officials in the history of the Federal Reserve. Previous disclosures indicated that he had committed to selling multiple investment interests, some of which were not publicly disclosed due to confidentiality agreements regarding the underlying assets.

It is noteworthy that the value of some of these investments reaches at least $100 million, highlighting the scale of Warsh's personal assets and the reason why this asset divestiture arrangement has attracted attention.

With the latest compliance certification made public, Warsh has confirmed the sale of all remaining financial assets required by the ethical agreement, completing the asset cleanup related to personal investment conflicts of interest since assuming the role of Federal Reserve Chairman