Warsh Pledges Additional Divestment Ahead of Confirmation Hearing

Published: 2026-04-20 13:30:28 ET BLK

Published on 04/20/2026 at 01:30 pm EDT

By Matt Grossman

Fed chair nominee Kevin Warsh has expanded the list of investments that he plans to divest in order to comply with government ethics directives.

In an amended financial filing dated Friday, Warsh pledged that if confirmed as Fed chair, he will divest from a BlackRock index fund that tracks the Canadian stock market. That promise adds to a list of other, more opaque investments that Warsh said last week he plans to divest if confirmed.

Fed officials face a slew of investment and trading restrictions meant to prevent conflicts of interest in their work setting monetary policy and regulating banks. Warsh said he now plans to divest from the index fund of Canadian stocks, called iShares S&P/TSX 60 Index, "because agency ethics officials have since advised me that the duties of my position will involve particular matters affecting the financial interests of the underlying holdings."

A different investment disclosed by Warsh last week, stakes worth more than $100 million in a fund controlled by investor Stanley Druckenmiller, has attracted more scrutiny. Warsh said in his original filing that a confidentiality agreement forbids him from laying out what assets the Druckenmiller fund, called Juggernaut, owns. Warsh said he would divest his ownership of that fund, too, if he is confirmed.

Warsh's new plans to divest from the Canadian index fund were first reported by Reuters.

Write to Matt Grossman at [email protected]

(END) Dow Jones Newswires

04-20-26 1329ET