Who is Janet Yellen?

She didn’t want this job!

How would she feel about the first-ever U.S. default? How does she feel about high inflation?

My guest, Jon Hilsenrath, a senior correspondent of the Wall Street Journal, tells us exactly how Secretary Yellen feels about inflation (a stain on her record), and would feel about the first-ever U.S. default (heart attack!).

And he also explains how she was compelled to take this job — a job she initially declined.

“These are fucking people!” shouted Janet Yellen as she pounded the table. But it was not vulgarity. It was passion about the plight of people, people who are more than numbers, people who deserve better policies.

Secretary Yellen has been worried about a potential U.S. default for at least two years now. And she is determined to get inflation under control. But Janet Yellen has been here before — speaking about and dealing with America’s economy. So her story, as told by Mr. Hilsenrath, is really the story of America’s economy and its economic thoughts and policies. And in this story, her husband, Dr. George Akerlof, who is a recipient of a Nobel Prize in economics, plays a big role (as she does in his professional life). Yellen, Akerlof and their son, who also has a doctorate in economics, talk shop “all the time” at home. They live and breathe economics.