00:00It's Benzinga bringing Wall Street to Main Street.
00:02An expected Senate Banking Committee hearing on Kevin Walsh's nomination for Federal Reserve
00:07chair has been delayed and will not take place on April 16, according to CNBC. The committee
00:12has not received the required paperwork, including financial disclosures, and did not formally
00:17notice the hearing by Thursday's deadline. Walsh's finances are complex due to his marriage
00:21to Estee Lauder, heir Jane Lauder, whose net worth is estimated at $1.9 billion, according
00:27to Forbes. Financial disclosures from 2006 listed nearly 1-200 assets, mostly held by
00:33his wife. Walsh later spent 15 years at Stanley Druckenmiller's family office, leading venture
00:38investments into tech firms including Palantir. Trump nominated Walsh in January to succeed
00:43Jerome Powell, whose term ends May 15.
00:46For all things money, visit Benzinga.com.
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