Trump Fed pick grilled for hiding $100 million in holdings and Epstein ties

Sen. Elizabeth Warren (D-MA) pressed President Donald Trump's nominee to lead the Federal Reserve on his financial holdings and ties to Jeffrey Epstein.

Fed nominee Kevin Warsh faced questions Tuesday during his confirmation hearing about undisclosed holdings of two individual assets worth more than $50 million each, and his wife Jane Lauder, granddaughter of the cosmetics founder Estée Lauder, holds an estimated $1.9 billion fortune.

"The Fed has been plagued bydeeply disturbing ethicsscandals in recent yearsinvolving at least six Fedofficials, so it's criticalthat the next chair have nofinancial conflicts – none," Warren said. "You have more than $100 millionin investments that you haverefused to disclose to ethicsofficials and to the public, solet me ask, do the Juggernautfund or the TSDFS LLC investin any companies affiliated with President Trump or his family, companies that have facilitatedmoney laundering, Chinese-controlled companies orfinancing vehicles establishedby Jeffrey Epstein?"

Warsh agreed that ethics scandals undermined the Fed's credibility, but Warren redirected him.

"Answer my questionplease," she said. "I ask, you have $100million in undisclosed assets, and what I'm asking is, are anyof those with this outfit thatinvests in us companiesaffiliated with President Trumpor his family, companies thathave facilitated moneylaundering, Chinese-controlledcompanies or financing vehiclesset up by Jeffrey Epstein? It'sa yes-or-no question."

Warsh insisted that he has worked closely with the Office of Government Ethics to lawfully sell off his financial holdings, and Warren erupted.

"Mr. Warsh, are you refusing to tell us of you investments, for example, invehicles set up to advance Jeffrey Epstein?" she said. "Is that whatyou're telling us? You justwon't tell us."

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