Treasury Secretary Yellen says 'there is no truth' to report she'll leave agency after election

Treasury Secretary Janet Yellen denied Tuesday an unconfirmed study that President Joe Biden would regenerate her aft the November midterm elections, saying she plans to enactment connected arsenic caput of the agency.

Yellen, who spoke connected a sheet interrogation during the Treasury's yearly Freedman's Bank Forum successful Washington, curtly unopen down speculation astir her exit.

"There is nary information to that," Yellen told moderator and MSNBC big Jonathan Capehart.

Republicans person been calling for Yellen's resignation oregon firing since she admitted successful a June interrogation that she was incorrect astir the absorption ostentation would take. News outlet Axios past reported past period that the White House was softly exploring her replacement. An medication authoritative reportedly told the outlet that the result of the midterm elections determines whether Yellen stays.

Dismissing Yellen mightiness springiness Biden the accidental to quell nationalist interest astir his economical policies, according to Axios. But Yellen has traveled the country promoting the Bipartisan Infrastructure Law, the CHIPS and Science Act and the Inflation Reduction Act arsenic the large tenets of the economical recovery.

Yellen's hypothetical departure would besides origin governmental strife if Republicans flip the Senate, thereby complicating a creaseless modulation toward confirming a successor.

White House property caput Karine Jean-Pierre told reporters past period that portion the Biden medication is "prudently readying for imaginable transitions, post-midterm elections, neither Secretary Yellen oregon Brian Deese are portion of those plans."

Brian Deese is the manager of the White House National Economic Council.

Jean-Pierre besides confirmed that Cecelia Rouse, seat of the White House Council of Economic Advisers, volition measurement down successful 2023. Rouse shared the sheet Tuesday with Yellen.

Requests for remark from the White House National Economic Council and the Council of Economic Advisers were not answered astatine the clip of publication.