Incoming Fed chair Warsh details first round of asset divestments

By Michael S. Derby

May 19 (Reuters) – Prospective Federal Reserve ​Chair Kevin ‌Warsh disclosed on Tuesday his initial round of asset divestitures ‌ahead ​of ⁠being sworn in ⁠as central bank leader.

The funds listed by Warsh detailed ​names of the holdings but ⁠not the ⁠sizes of ​the sales, nor who ​bought the assets. At ‌his confirmation hearing in April, Warsh, on ⁠track to be the richest Fed chair in ⁠the ‌institution’s history, ⁠said he would ​act ‌to bring his ​holdings ⁠in line with government and Federal Reserve ethics rules.

(Reporting by Michael S. ​Derby)