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The head of the nonpartisan Office of Government Ethics said Donald Trump's conflicts of interest plan is "meaningless" and sets up the incoming administration for constant controversy.

"I need to talk about ethics today because the plan the president has announced doesn't meet the standards that the best of his nominees are meeting and that every president in the past four decades has met," OGE chief Walter Schaub said during a press conference hosted by the Brookings Institution.

Schaub initially praised Trump in November for his ethics moves but said the arrangement the president-elect just announced Wednesday doesn't address "the perception that government leaders would use their official positions for personal profit."

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