Treasury Secretary Janet Yellen 'preparing to depart White House after midterms': Biden cabinet facing massive departure amid criticism over handling of inflation and voters saying the economy is their top priority
Treasury Secretary Janet Yellen could leave her Cabinet post after the midterms
Comes as the White house prepares for a staffing overhaul after the election
Yellen's successor would need to be confirmed by the Senate, which could lead to complications if Republicans take a majority in the upper chamber
Chair of the Council of Economic Advisers Cecilia Rouse is also expected to leave her Cabinet-level position next year and return to her academic post
Officials are also considering the possibility that Director of the National Economic Council (NEC) Brian Deese will leave early next year
By Katelyn Caralle, U.S. Political Reporter For Dailymail.com
Published: 21:25 EDT, 27 September 2022 | Updated: 08:34 EDT, 28 September 2022
The White House is preparing for Janet Yellen to leave her post as Treasury Secretary as soon as November as Americans rank the economy as one of their biggest concerns with just weeks until Election Day.
Her potential departure is in the early stages and would come after the 2022 midterms, people familiar with the matter told Axios, and no decision has been made on a replacement.
Yellen would be the most consequential exit from President Joe Biden's White House so far, especially as the nation grapples with record-high inflation and gas prices and classically defined recession with two straight quarters of negative GDP growth.
While Yellen leaving could give the Biden a chance to respond to concern over the administration's handling of the economy, it could also pose complications should Republicans take a majority in Congress.
Treasury Secretary is a Senate confirmed post, and finding a successor for Yellen could be difficult if the upper chamber turns red in the midterm elections on November 8.
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https://www.dailymail.co.uk/news/article-11256845/Treasury-Secretary-Janet-Yellen-preparing-depart-White-House-midterms-Report.html
