Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

Yellen says she 'certainly' plans to remain as Treasury secretary

Economy Nov 30, 2022 10:31AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks at a news conference during the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October 14, 2022. REUTERS/Elizabeth Frantz/File Photo

NEW YORK (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday said she "certainly" planned to stay on in her job for the duration of President Joe Biden's term, dismissing speculation she was considering leaving after this month's midterm elections.

Yellen told an event hosted by the New York Times Dealbook she had no plans to leave Treasury.

"I'm committed to staying," Yellen said. "I'm excited about the agenda. I'm excited about what President Biden has accomplished so far, and I think there's more to come."

Speculation about whether Yellen, 76, will remain in the job has increased in recent months, and the Republican takeover of the House of Representatives is likely to stall the Biden administration's legislative agenda, including tax and spending proposals that would be administered by Treasury.

Asked if she would stay for the duration of Biden's term, Yellen said, "I have no plan to leave."

She said implementing key laws enacted under Biden, including those dealing with climate investments, semiconductor manufacturing and infrastructure, would play a big role in the coming years.

She also said China's zero-COVID policy was a threat to healing ongoing supply chain difficulties that have sent prices sharply higher, but that she would not give Beijing advice on managing the pandemic.

Yellen says she 'certainly' plans to remain as Treasury secretary
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
First Last
First Last Nov 30, 2022 11:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
"She also said China's zero-COVID policy was a threat to healing ongoing supply chain difficulties that have sent prices sharply higher"  --  CCP is a source of inflation from abroad.  Kremlin is the other major source.  Not everything is Biden or Fed Reserve.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email