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Janet Yellen ended 50-year friendship with ‘rabid Trump supporter’: book


Treasury Secretary Janet Yellen cut ties with a detailed friend of fifty years because she could now not tolerate her “rabid” support for Donald Trump, in line with a latest book.

Carol Schwartz Greenwald, the primary female assistant vice chairman of the Fed in Boston and an adviser to ex-Massachusetts Gov. Michael Dukakis, was shunned by her longtime friend after having lunch with then-Fed Chair Yellen following Trump’s election in 2016, in line with Owen Ullmann, creator of “Empathy Economics: Janet Yellen’s Remarkable Rise to Power and Her Drive to Spread Prosperity to All.”

The 2 had met at Pembroke College within the late Sixties and had remained in contact despite having “veered off in very different political directions,” writes Ullmann, who interviewed Yellen for the book.

Yellen considered Greenwald “dynamite” for her “first-rate mind,” “keen intellect,” and having “broke[n] glass ceilings within the worlds of economics and finance,” in line with the biography. “But Greenwald’s rabid support for Trump became greater than Yellen could tolerate.”

Carol Schwartz Greenwald met Yellen when the 2 were students at Pembroke, which on the time was Brown University’s residential college for ladies.Commonwealth of Massachusetts

“After a lunch during which Greenwald gushed about how wonderful Trump was, Yellen concluded she couldn’t proceed their fifty-year-long friendship,” in line with Ullmann.

“They stopped talking to 1 one other.”

When reached by the creator, Greenwald “flatly refused to speak about Yellen and their long friendship,” in line with the book.

The Post has sought comment from Yellen and Greenwald.

A replica of Ullmann’s book, which was published by PublicAffairs, a subsidiary of Hachette Book Group, was obtained by The Post. The book goes on sale Sept. 27.

In keeping with the book, Yellen harbored “personal contempt” for Trump and was
“dazed” and “appalled” when he defeated Hillary Clinton in November 2016.

Mockingly, Trump considered naming Yellen to a second term as Fed chair shortly after he took office in January 2017. But, in line with reports, the brand new president considered Yellen “too short” for the job and as a substitute named Jerome Powell.

Treasury Secretary Janet Yellen was “dazed” and “appalled” when Trump was elected, in line with a book.Getty Images

Yellen first met Greenwald when the 2 native Recent Yorkers were enrolled as economics students at Pembroke, which on the time was Brown University’s residential college for ladies.

After graduating from Pembroke, Greenwald would go on to change into an economist on the Federal Reserve in Recent York. She would eventually earn a Ph.D. in economics from Columbia University.

As an adviser to Dukakis, Greenwald “earned a repute as an outspoken battler for consumer rights,” in line with an article in The Recent York Times.

Greenwald taught economics at Harvard Business School. In 1980, she was picked to be the primary president of the National Consumer Cooperative Bank, an agency created by Congress to serve economically depressed areas where loans were less accessible.

Schwartz, who became Carol Schwartz Greenwald when she married in 1981, was “a really religious Jew who kept kosher” when the 2 met, in line with the book.

“Over subsequent years, Greenwald became 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 several blog postings and opinion columns for Jewish internet sites and Israeli news outlets praising Trump for his avowedly pro-Israel positions.

Greenwald co-founded a group called Greenwald co-founded a gaggle called “Jews Select Trump,” a pro-Trump organization that touts the previous president’s warm relations with Israel. Trump is seen with then-Prime Minister Benjamin Netanyahu.AFP via Getty Images

During Trump’s presidency, the US broke longstanding policy and relocated its embassy from Tel Aviv to Jerusalem, the disputed holy city which can be claimed by the Palestinians because the capital of a future state.

A majority of American Jews vote for Democrats, though a key pro-Trump constituency — evangelical Christians — consider support for Israel a key aspect of their plank.

Public opinion polls amongst secular Jews who lean toward the Democrats show eroding support for Israel and greater sympathy for the Palestinians.

Despite Trump’s warm embrace of Israel, the connection was more complicated than it appeared at first glance, in line 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 long claimed was fraudulent.

Greenwald co-founded Greenwald co-founded “Jews Select Trump,” a pro-Trump grassroots organization. Trump and then-First Lady Melania Trump are seen at Yad Vashem in Jerusalem in 2017.AFP via Getty Images

Netanyahu’s congratulatory phone call to Biden prompted Trump to chop ties with one in every of the few world leaders who was supportive of the forty fifth president, in line with a 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 toward the then-president’s Middle East peace plan and contemplated endorsing the prime minister’s political rival, Benny Gantz, ahead of parliamentary elections in March 2020.

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