HomeEconomyAxios report on Treasury Secretary Yellen confirms 'conventional wisdom', analysts say Economy Axios report on Treasury Secretary Yellen confirms 'conventional wisdom', analysts say By farahat September 28, 2022 0 107 views Share FacebookTwitterPinterestWhatsApp Spy +0.11% Add to Watchlist/Remove from Watchlist Join to watch List Add to Location Job successfully added to: Please name your portfolio type: purchase Sell date: quantity: price Point Value: Leverage: 1:1 1: 1: 1: 10001: 1: by Sam Bugda Axios reported Wednesday that U.S. government officials were preparing for the departure of U.S. Treasury Secretary Janet Yellen after the midterm elections . The publication said people familiar with the matter told them that officials were quietly preparing for a possible “extensive restructuring of President Biden’s economic team” “. This is said to be in the early stages of the process and no decision has been made on Yellen or any other cabinet change, the November election results are a factor in the decision. Axios also said White House officials are also weighing the possibility of National Economic Council Director Brian Deese leaving early next year. report, Cowen analysts said in a note that they “see the Commerce Sec. Gina Raimondo ( Gina Raimondo and Fed Vice Chair Lael Brainard are the main contenders.” ” since Yellen was confirmed Since then, the conventional wisdom in Washington has been that she will only serve midterm terms. The Axios report appears to confirm that expectation,” the analyst added. “Policy impact will depend on her successor. We continue to view this as primarily a two-man race between Commerce Secretary Gina Raimondo and Fed Vice Chair Lyle Brainard, although we expect others to push this forward. work.” Share FacebookTwitterPinterestWhatsApp Previous articleU.S. pending home sales fell for third straight month in AugustNext articleBank of England to buy £65bn of UK bonds to stem rout farahat RELATED ARTICLES Economy Factbox – What's in the debt ceiling deal Biden, McCarthy agree to? May 28, 2023 Economy Brazil's Haddad sees country ready for rate cut May 28, 2023 Economy Exclusive – IMF, others should provide $100bn in climate FX guarantees – Documents May 27, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Oppo appoints Kaka as brand ambassador ahead of Champions League final May 28, 2023 Kava (KAVA) Price Rallies 10% In 7 Days – Here’s Why May 28, 2023 XRP Revisits $0.47 – What Can Be Expected For Short-Term Price Movement? May 28, 2023 Whales Flock To XRP, Accumulate 52 Million Tokens In Just 3 Weeks – Here’s Why May 28, 2023 Load more Featured NEWS Bitcoin Whales Dump 20,000 BTC On The Market, Sell Side Strengthens December 8, 2022 'Knives Out 2': Three U.S. theater chains set to release week-long sequels over Thanksgiving October 6, 2022 Backbone One – PlayStation Edition Now Available For Android Smartphones May 24, 2023 Chunky Penguin Ethereum NFT Earns 400 ETH Despite Bear Trend August 28, 2022 Load more
