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Trump’s Federal Reserve pick discloses more than $130M in assets ahead of confirmation hearing

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by Sophie Brams - 04/14/26 3:56 PM ET

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by Sophie Brams - 04/14/26 3:56 PM ET

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Kevin Warsh, President Trump’s pick to be the next Federal Reserve chair, has disclosed more than $130 million in assets ahead of his planned confirmation hearing next week but pledged to divest much of it if he is chosen to lead the central bank.

The 69-page financial document submitted to the U.S. Office of Government Ethics shows Warsh’s assets valued between $131 million and $209 million, making him much wealthier than any previous Fed chair, according to the New York Times.

The paperwork details two investments worth over $50 million each in the Juggernaut Fund, LP, which Warsh said he would divest from if confirmed. It also indicated that he would resign from several positions, including his work as a financial adviser.

Warsh collected $10.2 million in consulting fees from the office of Wall Street investor Stanley Druckenmiller, according to the document.

CNBC reported that Warsh’s filings outline roughly 1,800 individual assets, many of which were identified as subject to “pre-existing confidentiality obligations” that prevented further details of the underlying items.

The disclosure marks the first step in Warsh’s confirmation process, which had reportedly been stalled due to the paperwork delay.

Senate Banking Committee Chair Sen. Tim Scott (R-S.C.) announced during a Tuesday afternoon appearance on Fox Business that Warsh’s hearing would be held next week. Two sources told NewsNation the date is April 21.

“We’ll talk through the economy, talk through price stability and inflation. We’ll talk about the independence of the Fed,” Scott told host Maria Baritoromo.

Trump nominated Warsh, a former Federal Reserve board member, in January to replace Jerome Powell as chairman of the central bank. Powell’s term ends on May 15, but he said last month he would not step down until his successor was confirmed.

It remains to be seen whether Warsh will have enough support to be confirmed as the Trump administration’s criminal probe into the Fed and threats to weaken its independence have drawn criticism from Democrats.

Sen. Thom Tillis (R-N.C.) has also vowed to oppose all of the president’s nominees until the Justice Department (DOJ) stops its investigation into Powell.

Scott said on Tuesday that he believed the DOJ was “getting closer and closer” to concluding its probe, predicting it would wrap up in the “next few weeks.” He did not provide any specific evidence that pointed to that possibility.

He further said he expected Warsh to advance out of the committee, ultimately with Tillis’s backing.

“I believe, yeah, no, I know the Senate likes Kevin Warsh a lot, and I suspect Tom Tillis likes him as well, but he’s trying to make a point here,” Scott said.

Last month, Tillis affirmed that his vote on Warsh hinged on the DOJ dropping its criminal case against Powell.

“He [Warsh] possesses impeccable credentials and a clear vision for maintaining the Fed’s independence while achieving its dual mandate,” Tillis wrote on the social platform X. “It is unfortunate that an ongoing investigation prevents me from voting for Kevin at this time.”

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