Fed Chair Kevin Warsh Discloses Wife's Pet-Care Investments

Federal Reserve Chairman Kevin Warsh disclosed financial transactions made by his wife, Jane Lauder, involving TAW LLC, an investment firm focusing on pet-care and wellness brands. The disclosures, filed with the US Office of Government Ethics, detail equity and warrant transactions from August and September valued between $400,000 and $900,000.

TAW Ventures, founded by Lauder, maintains a portfolio that includes Grub Club Pets Ltd and LymeAlert Inc. A Federal Reserve spokesperson described the activity as a "spousal transaction," and filings indicate that government ethics officials approved the moves.

These disclosures align with the tightening of Federal Reserve ethics rules in 2022, which restrict investments for officials and their immediate families to prevent personal financial interests from influencing national policy. Warsh, who took leadership in May, has previously reported millions in investment sales to ensure compliance with these regulations.