Home / Market Update / Forex Market / Yellen dismisses rumors about quitting after midterm
Janet Yellen
Janet Yellen

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.

Check Also

Bitcoin Set for Weekly Gains Despite Cautious Trade on Mixed U.S.-China Signals

Bitcoin edged higher on Friday, adding to strong weekly gains after earlier optimism that U.S. …