Incoming US Federal Reserve Chairman Kevin Warsh is set to become the wealthiest individual ever to lead the American central bank when he formally succeeds Jerome Powell on Monday, following a narrow Senate confirmation this week.
Warsh, a financier and attorney nominated by Donald Trump, was confirmed by a sharply divided Senate in a 54–45 vote on Wednesday. As Powell's tenure concludes on Friday, 15 May, mandatory financial disclosures have highlighted the financial gulf between the two men, bringing Warsh's extensive private sector ties and multibillion-dollar family connections into sharp public view.
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