A big shakeup could be headed straight for President Joe Biden.
White House officials are reportedly preparing for the potential departure of Treasury Secretary Janet Yellen in the coming months after the midterm elections have concluded.
According to reports from Axios, a final decision on Yellen’s future within the administration hasn’t been decided and ultimately hinges on the November midterms results.
As Axios notes, Yellen’s potential departure could give Biden an opportunity to respond to public concern over his handling of the economy, but that’s roughly where the bright side of Biden ends.
However, if Yellen does leave her cabinet position and Republicans successfully re-take control of the upper chamber the result could prove troublesome for Biden who would be responsible for naming a successor who would then need to be approved by the Senate.
Sources also noted Biden is preparing for another potential departure in the coming months. Director of the National Economic Council Brian Deese is mulling leaving early next year.
Deese’s departure would present an opportunity for Gene Sperling, who is currently coordinating the implementation of the $1.9 trillion American Rescue Plan, to serve an unprecedented third term as NEC director after holding that post in the Clinton and Obama administrations.
Cecilia Rouse, the chair of the Council of Economic Advisers, is also expected to return to her academic post in the spring of 2023, opening up another Cabinet-level economic position.
White House officials have pushed back on reports the two individuals are considering departing the administration.
“While we are prudently planning for potential transitions post-midterm, neither Secretary Yellen or Brian Deese are part of those plans,” White House senior adviser Anita Dunn said in a statement.
The economy is expected to be a leading issue on voters’ minds this November as ballots are cast and so far the Biden administration has done little to quell fears inflation will only get worse. Recently, Sec. Yellen has caused headaches for the President by publicly admitting she was wrong on inflation after last year claiming it would be a “plus” if the Fed raised interest rates.
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When obama speaks, the Democrat Communist Criminal Terrorist Organization,
asks how High ?
Yeah, I wonder who Obama will pick to replace Yellen.
HE NEEDS TO REPLACE HIMSELF
Yellen’s replacement will be another freak of nature. Maybe Yellen didn’t want to send the 87k armed agents out to collect income taxes.