Yellen Set to Take Office, Accelerating Commitment to Complete Financial Asset Divestiture

BlockBeats News, May 20th. According to Bloomberg, Janet Yellen’s nominee for the next Chair of the Federal Reserve, Lael Brainard, has sold off most of her financial assets that she had previously committed to divest before taking on the role, marking a significant step in resolving controversy surrounding her appointment. The latest U.S. government filings have revealed this development.

Brainard is expected to become one of the wealthiest officials in the history of the Federal Reserve. An asset divestiture certification issued by the U.S. Government Ethics Office on May 16th shows that she has sold off multiple investment holdings worth at least $100 million, the underlying assets of which were not previously disclosed.

However, two investments have not been included in the divestiture, each valued between $250,000 and $500,000, which Brainard had previously pledged to sell off before her formal appointment.