Fed nominee Kevin Warsh would be the wealthiest chair ever

 Fed nominee Kevin Warsh would be the wealthiest chair ever. Warsh, President Trump’s pick to succeed Fed Chair Jerome Powell, is worth between $135 million and $226 million, according to financial disclosures released ahead of his nomination hearing next Tuesday. That would make him significantly richer than Powell, who is currently worth between $19 million and $75 million and was considered the wealthiest chair when confirmed in 2018. If Warsh becomes the next chair, he said he would divest from assets that may pose a conflict of interest and resign from other positions he holds. Warsh also disclosed millions of dollars in holdings belonging to his wife, Jane Lauder, heir to the Estée Lauder fortune. Forbes pegs her net worth at $1.9 billion.