Yellen dismisses rumors about quitting after midterm

Treasury Secretary Janet Yellen denied on Tuesday an unconfirmed report that President Joe Biden would replace her after the November midterm elections, saying she plans to stay on as head of the Treasury.

Yellen shut down speculation about her exit, saying that “There is no truth to that”. Republicans have been calling for Yellen’s resignation or firing since she admitted in a June interview that she was wrong about the direction inflation would take.