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Janet Yellen is a fan of “Diners, Drive-ins and Dives” and restaurant visits to get beyond economic data

Janet Yellen is a fan of “Diners, Drive-ins and Dives” and restaurant visits to get beyond economic data
Janet Yellen is a fan of “Diners, Drive-ins and Dives” and restaurant visits to get beyond economic data

 


Janet Yellen has been at the top of economic policy for decades, having previously served as head of the Federal Reserve, president of the San Francisco Fed and chair of the White House Council of Economic Advisers, among other roles, before becoming Treasury secretary.

But her visits to various restaurants at home and abroad have recently won her legions of foodie fans, especially after she ate psychedelic mushrooms in Beijing last July.

In a interview with the New York TimesYellen reflected on the impact her high-profile food and dining choices have had.

It's not like this is a plan to conduct some kind of diplomacy, she told the Times while I was in a Manhattan delicatessen. Nevertheless, it seems to have had that impact.

While eating out helps her bond with her staff and other officials, she also enjoys trying different foods and doesn't hesitate to go out for a meal after long meetings with finance ministers and briefings with journalists, the report said.

She even researches different restaurants herself on her phone and is a fan of Guy Fieris' show. Diners, Drive-Ins and DivesTHE Times said.

His stop at a In-N-Out in San Francisco Last year, when she went to meet Chinese President Xi Jinping, she also caused a stir on social media, and her preference to dine among other restaurant patrons rather than separately was also widely noted.

On another visit to China in April, Premier Li Qiang said Yellen's visit had indeed attracted a lot of attention in society.

She also told the Times that dining with officials and interacting with restaurant patrons helps her as a policymaker.

“I certainly look at national data to understand what’s happening in the economy, but talking to people about what they’re experiencing is often very helpful in understanding where people are coming from,” Yellen said. “You can build a more friendly relationship than you can by sitting at a conference table.”

In the meantime, she has plenty of policy to do. Last month, she announced a $100 million fund to finance affordable housing in a historically unaffordable market and helped craft a financing mechanism for Ukraine in its war with Russia.

Yellen also rejected China's industrial policies, warning that its overcapacity could flood the world with artificially cheap goods.

As U.S. deficits and debt continue to climb, she tried to downplay immediate concerns about current conditions while acknowledging that the outlook for higher long-term interest rates will make it harder to control borrowing costs in the future.

Sources

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2/ https://fortune.com/2024/07/13/janet-yellen-restaurants-eating-habits-diners-drive-ins-dives-in-n-out-economic-data/

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