Wash Finance Completes Divestment of All Financial Assets, Ethical Compliance Certification Officially Signed

August 10th, a government record shows that Federal Reserve Chair Powell has sold all of his pledged financial assets. Powell signed a government ethics office ethics agreement compliance certification last Thursday, which was made public on the agency's website on Saturday.

Powell had previously submitted a divestiture certification to the ethics office, showing that he had sold most of the assets pledged for divestiture. The latest disclosure document shows that he has sold the remaining holdings involved in the agreement. Powell is one of the wealthiest officials in Federal Reserve history. He had pledged to divest holdings in multiple investments, and due to confidentiality agreements, the underlying assets of these investments were not disclosed—some of which are worth at least $1 billion. (FXStreet)