U.S. Senate Committee on Banking, Housing and Urban Affairs Minority Staff releases report flagging gaps in Kevin Warsh’s financial disclosures ahead of Fed chair hearing

The U.S. Senate Committee on Banking, Housing and Urban Affairs Minority Staff published a report titled “Expansive Wealth, Limited Disclosures” reviewing President Trump’s Federal Reserve Chair nominee Kevin Warsh’s publicly available financial disclosures and ethics agreements. The report raises concerns about the transparency of Warsh’s sources of wealth, the specificity of his planned divestitures, and potential conflicts of interest. The analysis is organised around four themes: it alleges Warsh has not disclosed key sources of wealth and income and has not provided key details on planned divestitures; argues his wealth was accumulated “at the expense of workers and families”; highlights apparent ties to billionaire investor Stanley Druckenmiller, whose investing strategy is described as being driven in part by predictions about Federal Reserve monetary policy; and notes Warsh’s name appears in the Epstein files, with the disclosures presented as leaving unanswered questions about potential links to Jeffrey Epstein. The report was released ahead of Tuesday’s committee hearing on Warsh’s nomination and follows a call from Banking Committee Democrats to delay the hearing while the Justice Department continues criminal probes into Federal Reserve Chair Jerome Powell and Governor Lisa Cook, which Democrats characterised as pretextual.