Overview
- Warsh’s Senate filings report roughly $135 million to $226 million in assets, with two large Juggernaut Fund stakes tied to Stanley Druckenmiller’s family office left vague under confidentiality agreements.
- A government ethics note says he is currently out of compliance for funds that do not reveal their underlying investments.
- He has pledged to sell the undisclosed assets within 90 days if confirmed and to stop his paid advisory work, including through his firm.
- After a private meeting, Sen. Elizabeth Warren said he refused to provide more detail and called the gaps a transparency problem.
- Democrats on the Banking Committee and Republican Sen. Thom Tillis are seeking to delay the hearing pending a DOJ probe of a costly Fed renovation, with scrutiny heightened by 2022 Fed rules that tightened limits on officials’ personal investments.