Warren presses incoming Fed Chair Warsh on asset divestments before swearing-in

Sen. Elizabeth Warren asked incoming Federal Reserve Chair Kevin Warsh on May 15, 2026, to disclose details of required asset divestments before he takes office, escalating scrutiny of potential conflicts tied to undisclosed fund holdings. Warren, the top Democrat on the Senate Banking Committee, requested by May 29 information on whether Warsh sold interests in the Juggernaut Fund and other Duquesne Family Office-managed funds, including buyer identities and transaction terms. Warsh also pledged to divest stakes in SpaceX (SPAX.PVT) and Polymarket to comply with ethics rules. Warsh has reported major undisclosed investments in Juggernaut, including two holdings valued above $50 million each. Warren said confidentiality restrictions could obscure whether the funds hold prohibited interests in banks or trust companies. The Senate confirmed Warsh on May 13 as the 17th Fed chair; paperwork and divestitures must be completed before he is sworn in.