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By Dan Gooding
Associate News Editor
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Kevin Warsh, President Donald Trump's pick to be the new Federal Reserve chair, has reported assets that could make him the wealthiest person in the job, if confirmed.
In a 69-page disclosure, Warsh, who previously served as the Fed's governor, declared assets worth over $100 million. It was not possible to pin down an exact net worth from the document.
Fed rules place strict limits on investments and assets held by officials, stricter than in many other areas of the federal government. Warsh agreed in the filing to divest from many of his financial holdings within 90 days of confirmation.
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Warsh Set To Replace Powell: What To Know
Trump nominated Warsh to succeed Jerome Powell, whom he appointed in 2017. Trump and Powell have had multiple public disagreements in recent months, with the current Fed chair refusing to bow to the president's wishes on interest rates.
"I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best," Trump posted to Truth Social in January. "On top of everything else, he is ‘central casting,’ and he will never let you down."
Warsh has previously made public statements aligning with Trump on interest rates. In July 2025, he criticized the Fed’s “hesitancy” to cut rates during an interview with CNBC.
“Their hesitancy to cut rates, I think, is actually...quite a mark against them,” Warsh told CNBC. “The specter of the miss they made on inflation, it has stuck with them. So one of the reasons why the president, I think, is right to be pushing the Fed publicly is we need regime change in the conduct of policy.”
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Why Kevin Warsh Could Be Wealthiest Fed Chair Nominee
The filing from the U.S. Office of Government Ethics (OGE) showed two investments with the Juggernaut Fund LP worth more than $50 million each, as well as $10.2 million in consulting fees at Stanley Druckenmiller, a Wall Street investment office.
Multiple listings showed Warsh's involvements with various corporate boards, as well as consulting positions which all provided income. Not all assets listed had monetary values attached to them, but they covered sectors including AI and cryptocurrency.
Also included in the filing were holdings belonging to Walsh's spouse, Jane Lauder, whose family is tied to the Estee Lauder cosmetics company. She is estimated to have a net worth of about $1.9 billion, according to Forbes.
Given the filing, Warsh is likely far wealthier than current Fed Chair Jerome Powell, bringing him in line with other Trump administration officials who also boast significant wealth.
What Happens Next
The Senate Banking Committee is set to hold a hearing next week with Walsh, ahead of his potential confirmation.
The committee's chair, Republican South Carolina Senator Tim Scott, spoke to Fox Business on Tuesday, saying that “we’ll talk through the economy. We’ll talk through price stability and inflation. We’ll talk about the independence of the Fed."
There has been some hesitancy on confirming Warsh from Senator Thom Tillis, a North Carolina Republican who praised the nominee but said he could not support the confirmation until a Department of Justice inquiry into renovations at the Fed wrapped up. Scott said he believed this would be dropped in the coming weeks.
Democrat Senator Elizabeth Warren of Massachusetts told Reuters that no new Fed chair should be confirmed until it was clear Trump was not attempting to "take over the Fed."
Update 4/14/26, 4:56 p.m. ET: This article was updated with additional information.
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