The richest Federal Reserve Chair in history, Waller, has completed asset divestiture and has signed a compliance certificate for ethical agreements.

Federal Reserve Chairman Kevin Walsh has sold all financial assets that he had previously committed to dispose of, completing the conflict-of-interest avoidance arrangements made upon his appointment as chairman of the Federal Reserve. According to publicly available records from the U.S. government, Walsh signed a compliance certification for the ethics agreement submitted to the U.S. Office of Government Ethics last Thursday. The relevant documents were made public on the agencys website on Saturday. The documents indicate that Walsh has fulfilled all asset divestiture requirements outlined in his ethics agreement, including the previously undisposed remaining investment interests. Walsh formally took office as Federal Reserve Chairman in May of this year. Prior to this, he had submitted proof of asset divestiture to the U.S. Office of Government Ethics, showing that he had sold off the majority of the financial assets he had previously committed to dispose of. The latest disclosure means that Walsh has further sold the remaining investment interests covered by the ethics agreement, thus completing his previously promised asset divestiture plan. Senior government officials in the U.S. typically need to mitigate potential conflicts of interest arising from personal financial interests and their public duties through asset sales, abstaining from relevant matters, or taking other measures. For the Chairman of the Federal Reserve, the situation is particularly scrutinized, as he is directly involved in the formulation of U.S. monetary policy, and policy decisions can have widespread effects on the prices of stocks, bonds, and other financial assets. Walsh is one of the wealthiest senior officials in Federal Reserve history. Previous disclosures have indicated that he committed to selling multiple investment interests, some of which were not publicly disclosed due to confidentiality agreements regarding their underlying assets. Notably, some of these investments are valued at at least $100 million, highlighting the scale of Walsh's personal wealth and the reasons why this asset divestiture arrangement has attracted attention. With the latest compliance certification made public, Walsh has confirmed the sale of all remaining financial assets that the ethics agreement required him to dispose of, completing the cleanup of personal investment conflicts of interest following his appointment as Federal Reserve Chairman.