Citing sources, CNBC reported that Federal Reserve Chair nominee Warsh has submitted the required financial disclosure documents to the Senate, bringing him one step closer to a Senate hearing. Warsh's wife is Jane Lauder, an heir to Est嶪 Lauder, with Forbes estimating her net worth at USD1.9 billion.Due to delays in processing the documents, the hearing originally scheduled for this week has been postponed. The report, citing sources, said the Senate still needs to receive Warsh's responses to questions from the Senate Banking Committee. Once the replies are received, the Senate can formally issue a notice for the hearing, which could be held as early as next week.Related NewsMichigan Consumer Sentiment Prel for Apr in the United States is 47.6, lower than the previous value of 53.3. The forecast was 52.The term of incumbent Chair Jerome Powell will expire on the 15th of next month. (fc/w)
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