Yellen and Akerlof also reported owning a stamp collection valued from $15,001 to $50,000.
Kohn retired from the Fed in 2010 after serving as a central bank employee since 1970. In a financial disclosure for 2010, he said he and his wife held assets of between $887,000 and $1.96 million. Their largest individual holding was invested in the T. Rowe Price Balanced Fund, valued between $500,000 and $1 million.
Kohn Affiliations
Kohn is currently a senior fellow at the Brookings Institution, an external member of the financial policy committee at the Bank of England and a consultant at Potomac Research Group, a Washington-based investment advisory firm.
Kohn is also on the paid speaking circuit, charging more than $40,000 for an appearance, according to the website of the Washington Speakers Bureau, which represents him. Harry Rhoads, chief executive officer of the Bureau, didn’t respond to a telephone call seeking comment.
Vetting federal appointees who come from universities is easier than vetting those who must sever complex financial ties, Painter said. Bernanke, a former Princeton University professor, reported assets valued between $1.07 million and $2.28 million in his 2012 disclosure.
“Ben Bernanke was not an issue at all because he was an academic,” Painter said. “Having him divest was not an issue.”