Ethics Concerns Loom Over Warsh's Fed Nomination

Senator Elizabeth Warren has called for a delay in Kevin Warsh's confirmation hearing for Federal Reserve chair due to insufficient financial disclosures and ethical concerns. Issues include undisclosed assets and potential entanglements, complicating his path to confirmation amidst ongoing Department of Justice investigations into Fed leadership.

Senator Elizabeth Warren expressed doubts on Thursday regarding the adequacy of Kevin Warsh's financial disclosures as he vies for the Federal Reserve chair, insisting his confirmation hearing should be postponed.

Warren highlighted gaps in Warsh's over $100 million in assets, noting a failure to meet Senate ethics standards due to confidentiality agreements. She demanded a resolution of these issues before proceeding with the hearing.

All Democrats on the Senate Banking Committee echoed her concerns, while a DOJ probe into current Fed members further complicates Warsh's confirmation.

(With inputs from agencies.)