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Yellen Wealth Grows as Rising Financial Markets Lift Assets
Federal Reserve officials benefited from gains in asset prices that have boosted the wealth of millions of other Americans, financial disclosure reports show. Fed Chair Janet Yellen’s assets were valued at $5.3 million to $14.1 million last year compared with a range of $4.8 million to $13.2 million in 2012, according to financial disclosure documents released today. The assets are listed in ranges, so determining a precise valuation isn’t possible from the documents. The Fed is winding down the most aggressive U.S. monetary stimulus in history, which has benefited stock and bond markets over the past several ... (full story)