Senate Democrats question Warsh asset divestiture plan ahead of Fed hearing, per Reuters

Senate Democrats have raised transparency and conflict-of-interest concerns about Kevin Warsh’s plan to divest private assets ahead of his Federal Reserve confirmation hearing, saying he has not provided key details on who might buy holdings that could be hard to sell. A Reuters-cited report highlights Warsh’s close ties to billionaire investor Stanley Druckenmiller and says the bulk of Warsh’s assets are tied to Druckenmiller, prompting questions about potential preferential arrangements. Markets could see elevated uncertainty around Fed leadership and policy continuity until divestiture plans are clarified, potentially weighing on risk appetite and the S&P 500 around the confirmation process. Warsh has pledged to sell millions in assets that would violate current Fed ethics rules if confirmed.