US Senator Warren urges postponement of Federal Reserve Chair nomination hearing

Foresight News reports, according to POLITICO, that U.S. Senator Elizabeth Warren, after meeting with Trump's nominee for Federal Reserve Chair, Kevin Warsh, has requested to postpone the nomination hearing originally scheduled for next Tuesday. Warren pointed out that Warsh failed to disclose specific details of at least 100 million dollars in investments in his financial disclosure, only reporting holdings in two Juggernaut Fund investments of no less than 50 million dollars each, and citing existing confidentiality agreements for not disclosing underlying assets, promising only to sell the related assets upon confirmation. Warren stated that this arrangement is insufficient to assess his potential conflicts of interest, and the nomination process should proceed only after additional disclosure of his financial situation.