Janet Yellen Dear Diary: ‘I am accountable to no voter! Not even the president himself!’

National Post | News

The National Post re-imagines a week in the life of a newsmaker. Today, Tristin Hopper looks at the week through the eyes of Federal Reserve chair nominee Janet Yellen.

Monday
With just a quick phone call from the White House, I received the life-changing news of my nomination as Federal Reserve chair. Not knowing what else to do, I excitedly called up my 96-year-old great aunt in Brooklyn. “Hazel! it’s Janet!” I said, yelling into the receiver to overcome her hearing loss. “They’re going to make me chair of the Federal Reserve! It’s one of the most powerful positions in the world!” A long pause followed. “But Sarah, [she always mixes me up with my cousin] what does the federal reserve chair actually do?” she asked, her raspy voice crackling over the receiver. “Well, Hazel!” I yelled. “Among other duties I will help guide monetary policy and oversee the implementation of…

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