The answer is... probably. It depends on what you're looking for, but the Jefferson offers understated elegance, good service (Lynn, the concierge, was particularly helpful and accurate with his restaurant recommendations: Ted's Bulletin, Estadio and a few others- all excellent!) and a relatively unfussy vibe in an upscale environment. There will always be a dash of fussiness in this kind of hotel- but the Jefferson probably pulls it off better than most.
If you want something more laid-back, or are interested in being overwhelmed by eye-popping luxury however, this is not the hotel for you. But if you want upscale, done tastefully... give it a whirl! The location is good- if you're looking to be near the White House, though there are plenty of other hotels even closer.
Finally, apart from the concierge, what impressed us most was the food. We mostly ate outside the hotel, but when we dined in, the breakfast, coffee, and even a simple soup and pasta we ordered up to the room were all delicious. And at these prices they'd better be!
Last note: There is no pool and the gym is pretty limited (not that you'd come here for the gym.) There's a private club across the street that you can use once the hotel writes you a letter of introduction, though when we tried it out they awkwardly insisted we check in multiple times- not very smooth.
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