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Trump Nominee Warsh Testifies, Discloses $200M, Promises Divestiture

4/23/2026

Summary

Warsh Testifies

Kevin Warsh testified on April 21, 2026 as U.S. President Donald Trump’s nominee after Senator Elizabeth Warren said his disclosure incomplete.
Warsh reported personal assets of $135-$226 million, his wife Jane Lauder’s $56-$95 million, two Juggernaut Fund, LP holdings each over $50 million tied to Stanley Druckenmiller’s Duquesne, and $38 million in real-estate.
He pledged to resign board roles and divest most holdings within 90 days of confirmation, though a $2 trillion SpaceX IPO may follow.

Summary

Warsh Overhauls Fed

Warsh said he will overhaul the Federal Reserve’s data-collection system to better measure inflation and will stop publishing forward-looking forecasts.
Warsh warned rapid AI advances could raise productivity but also create major unemployment risks, urging a proactive central-bank response.
Senator Thom Tillis (R-N.C.), President Donald Trump and Senator Elizabeth Warren opposed Warsh’s nomination, citing a Justice Department probe of Fed Chair Jerome Powell’s renovation costs, rate-cut disappointment, and independence concerns.

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Warsh Testifies

Kevin Warsh testified on April 21, 2026 as U.S. President Donald Trump’s nominee after Senator Elizabeth Warren said his disclosure incomplete.
Warsh reported personal assets of $135-$226 million, his wife Jane Lauder’s $56-$95 million, two Juggernaut Fund, LP holdings each over $50 million tied to Stanley Druckenmiller’s Duquesne, and $38 million in real-estate.
He pledged to resign board roles and divest most holdings within 90 days of confirmation, though a $2 trillion SpaceX IPO may follow.

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