Kevin Warsh, the newly installed chairman of the U.S. Federal Reserve, sold more than $100 million in financial holdings, according to a certificate from the Office of Government Ethics dated May 16, 2026. The divested assets were concentrated in Juggernaut Funds and roughly two dozen stakes held through THSDFS LLC, with individual positions worth up to $5 million each. Senator Elizabeth Warren has pressed for details on the identity of the buyers and the terms of the transactions, citing concerns over potential conflicts of interest. Two remaining positions valued between $250,000 and $500,000 were not included in the May sale, raising questions about Warsh’s commitment to sell virtually all of his financial assets. The certificate of divestiture also allows Warsh to defer capital gains taxes, a financially significant benefit on a liquidation exceeding $100 million.
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