The White House is preparing for Janet Yellen to leave her post as Treasury Secretary as soon as November as Americans rank the economy as one of their biggest concerns with just weeks until Election Day.
Her potential departure is in the early stages and would come after the 2022 midterms, people familiar with the matter told Axios, and no decision has been made on a replacement.
Yellen would be the most consequential exit from President Joe Biden's White House so far, especially as the nation grapples with record-high inflation and gas prices and classically defined recession with two straight quarters of negative GDP growth.
While Yellen leaving could give the Biden a chance to respond to concern over the administration's handling of the economy, it could also pose complications should Republicans take a majority in Congress.
Treasury Secretary is a Senate confirmed post, and finding a successor for Yellen could be difficult if the upper chamber turns red in the midterm elections on November 8.
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