Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

Fed chief moves in; there goes the neighborhood: Report

Janet Yellen, chair of the U.S. Federal Reserve.
Getty Images

Federal Reserve Chair Janet Yellen and former FBI Director Robert Mueller both live in the same, uppity Washington, D.C., neighborhood. Guess whose security detail is causing more trouble for neighbors?

That's right, it's the central bank chief and her guards with "doughnut bellies," as one neighbor described the entourage that's upsetting fellow Hillandale residents, according to a report Monday in The Wall Street Journal. Neighbors complain that Yellen's detail has unsettled the gated development. Their security trucks and offensive blue uniforms also have upset what had been a relatively calm setting, in a city used to excessive accommodations for VIPs.

Former FBI lead "Bob Mueller, who you would think would have a much more dangerous job dealing with terrorists all over the world, had people who were businesslike, didn't socialize, and waited for him outside the gate," one unidentified resident told the newspaper. "Now we have this group, overweight, wearing the most ridiculous blue uniforms with the most ridiculous blue caps, and they have guns that are visible."

Residents object to all the fuss the detail makes when it picks up Yellen. They say her personnel allow security trucks to idle extensively, and they smoke and leave a trail of fluid around the neighborhood, the latter practice being a big-time no-no under the Hillendale bylaws.

Yellen has lived in the development for a few years, but her appointment to head the Fed in February led to her security detail to rent a townhome down the street—much to her neighbors' dismay.

For the full report, go here.