On her last day as Chairman, Janet Yellen allowed CBS News reporter Rita Braver to follow her around saying goodbye and reminiscing. It was February 1, 2018, by every mainstream account a good time to be sailing off into the sunset. Federal Reserve officials like Yellen had been waiting a very long time for everything to pay off. Last February, more than any other time over the last decade, they finally believed they had done it.
Yellen was obviously disappointed at not being re-appointed following her one term. She thought it a matter of politics, having been a lifelong Democrat. Jay Powell was a Republican and well-liked among influential people within the Republican President's orbit.
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