Treasury Secretary Janet Yellen reduce ties with a detailed good friend of fifty years as a result of she might now not tolerate her “rabid” help for Donald Trump, in accordance with a brand new e-book.
Carol Schwartz Greenwald, the primary feminine assistant vice chairman of the Fed in Boston and an adviser to ex-Massachusetts Gov. Michael Dukakis, was shunned by her longtime good friend after having lunch with then-Fed Chair Yellen following Trump’s election in 2016, in accordance with Owen Ullmann, writer of “Empathy Economics: Janet Yellen’s Exceptional Rise to Energy and Her Drive to Unfold Prosperity to All.”
The 2 had met at Pembroke School within the late Sixties and had remained in contact regardless of having “veered off in very totally different political instructions,” writes Ullmann, who interviewed Yellen for the e-book.
Yellen thought-about Greenwald “dynamite” for her “first-rate thoughts,” “eager mind,” and having “broke[n] glass ceilings within the worlds of economics and finance,” in accordance with the biography. “However Greenwald’s rabid help for Trump grew to become greater than Yellen might tolerate.”
“After a lunch throughout which Greenwald gushed about how fantastic Trump was, Yellen concluded she couldn’t proceed their fifty-year-long friendship,” in accordance with Ullmann.
“They stopped speaking to 1 one other.”
When reached by the writer, Greenwald “flatly refused to speak about Yellen and their lengthy friendship,” in accordance with the e-book.
The Submit has sought remark from Yellen and Greenwald.
A replica of Ullmann’s e-book, which was revealed by PublicAffairs, a subsidiary of Hachette Guide Group, was obtained by The Submit. The e-book goes on sale Sept. 27.
In keeping with the e-book, Yellen harbored “private contempt” for Trump and was
“dazed” and “appalled” when he defeated Hillary Clinton in November 2016.
Paradoxically, Trump thought-about naming Yellen to a second time period as Fed chair shortly after he took workplace in January 2017. However, in accordance with experiences, the brand new president thought-about Yellen “too brief” for the job and as an alternative named Jerome Powell.
Yellen first met Greenwald when the 2 native New Yorkers had been enrolled as economics college students at Pembroke, which on the time was Brown College’s residential school for ladies.
After graduating from Pembroke, Greenwald would go on to develop into an economist on the Federal Reserve in New York. She would finally earn a Ph.D. in economics from Columbia College.
As an adviser to Dukakis, Greenwald “earned a repute as an outspoken battler for shopper rights,” in accordance with an article within the New York Instances.
Greenwald taught economics at Harvard Enterprise College. In 1980, she was picked to be the primary president of the Nationwide Shopper Cooperative Financial institution, an company created by Congress to serve economically depressed areas the place loans had been much less accessible.
Schwartz, who grew to become Carol Schwartz Greenwald when she married in 1981, was “a really spiritual Jew who stored kosher” when the 2 met, in accordance with the e-book.
“Over subsequent years, Greenwald grew to become an avid pro-Israel activist and a conservative Republican who embraced Trump’s candidacy for president in 2016, co-founding the political group Jews Select Trump,” Ullmann writes.
Greenwald has written a number of weblog postings and opinion columns for Jewish web sites and Israeli information retailers praising Trump for his avowedly pro-Israel positions.
Throughout Trump’s presidency, the US broke longstanding coverage and relocated its embassy from Tel Aviv to Jerusalem, the disputed holy metropolis which can also be claimed by the Palestinians because the capital of a future state.
A majority of American Jews vote for Democrats, although a key pro-Trump constituency — evangelical Christians — contemplate help for Israel a key side of their plank.
Public opinion polls amongst secular Jews who lean towards the Democrats present eroding help for Israel and better sympathy for the Palestinians.
Regardless of Trump’s heat embrace of Israel, the connection was extra difficult than it appeared at first look, in accordance with first-person witness accounts.
Trump was enraged when his ally, Israel’s then-prime minister, Benjamin Netanyahu, congratulated Joe Biden for his 2020 election victory — which the previous president has lengthy claimed was fraudulent.
Netanyahu’s congratulatory telephone name to Biden prompted Trump to chop ties with one of many few world leaders who was supportive of the forty fifth president, in accordance with a e-book by Israeli journalist Barak Ravid.
Jared Kushner, Trump’s son-in-law and senior adviser, wrote in his memoir that Trump was alienated by Netanyahu’s stance towards the then-president’s Center East peace plan and contemplated endorsing the prime minister’s political rival, Benny Gantz, forward of parliamentary elections in March 2020.
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