Senator Elizabeth Warren interrogated President Donald Trump's Federal Reserve nominee, Kevin Warsh, during his confirmation hearing Tuesday.
Senator Warren focused on the nominee's $100 million in undisclosed financial holdings, as reported by CNBC, and potential conflicts of interest.
Warsh holds two individual assets each worth more than $50 million, while his wife Jane Lauder, granddaughter of Estée Lauder cosmetics founder, maintains an estimated $1.9 billion fortune.
Warren questioned whether Warsh's Juggernaut fund or TSDFS LLC invest in companies affiliated with Trump, entities facilitating money laundering, Chinese-controlled companies, or financing vehicles established by Jeffrey Epstein.
Although Warsh acknowledged ethics scandals have undermined the Federal Reserve's credibility, he declined to directly answer Warren's yes-or-no question. Instead stating, he worked with the Office of Government Ethics to lawfully divest holdings.
Warren pressed harder, expressing frustration at Warsh's refusal to disclose investment details.
The Federal Reserve has faced six ethics scandals involving officials in recent years.
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