Editor’s note: This is an updated version of an article first published Aug. 22, 2013. At StreetAuthority, we often look at where Washington’s most powerful men are putting their money. Recently, we learned what not to do from Barack Obama’s portfolio, picked up some tips on diversification from Mitt Romney and revealed Ron Paul’s affinity for gold and silver miners. But none of these men have the potential clout of a woman who may soon become the world’s most powerful economic force. If you’re thinking of Hillary Clinton, Marissa Mayer or Angela Merkel, you’re wrong. As the first chairwoman of… Read More
Editor’s note: This is an updated version of an article first published Aug. 22, 2013. At StreetAuthority, we often look at where Washington’s most powerful men are putting their money. Recently, we learned what not to do from Barack Obama’s portfolio, picked up some tips on diversification from Mitt Romney and revealed Ron Paul’s affinity for gold and silver miners. But none of these men have the potential clout of a woman who may soon become the world’s most powerful economic force. If you’re thinking of Hillary Clinton, Marissa Mayer or Angela Merkel, you’re wrong. As the first chairwoman of the Federal Reserve, Janet Yellen would have a deciding role in determining the monetary policy of the world’s largest economy and her portfolio holds some interesting stocks. I know, Yellen has yet to be approved by Congress, but she has some important qualifications:#-ad_banner-# First, Yellen has been on the Fed’s Board of Governors for a full economic cycle, and she’s been there for the discussions on an unprecedented monetary policy. Obama needs that kind of institutional knowledge to help guide policy coming out of this historic period. Second, Yellen is much more dovish than any other possible pick, helping to… Read More