FED CHIEF NOMINEE WARSH PLEDGES NEW DIVESTMENT IN UPDATED FINANCIAL FILING

Federal Reserve Chair nominee Kevin Warsh has pledged to divest from a foreign-oriented investment ​fund if confirmed to lead the U.S. central bank, according to ‌an updated financial disclosure filing.

In a filing dated April 17 that amended an original filing on April 10, Warsh told the Fed's ethics officer, "I will divest my interests in iShares S&P/TSX 60 ​Index (XIU)" if confirmed to succeed Fed Chair Jerome Powell in the central ​bank's top job. Warsh, a financier and former Fed governor, ⁠said he would make this move 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 holding" in the fund.

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