Biden’s economic team is going to look different in 2023. But how much different is the question.
On Tuesday night, Axios reported that White House officials are considering the possible departures of three top economic officials after November’s elections — Janet Yellen, Secretary of the Treasury; Brian Deese, director of the National Economic Council; and Cecilia Rouse, chair of the Council of Economic Advisers (CEA).
In a statement to Yahoo Finance, a White House official denied the report, saying, “While we are prudently planning for potential transitions post midterm elections, neither Secretary Yellen nor Brian Deese are part of those plans.” The official also noted that Rouse will end her time in the White House “likely early spring 2023” to return to Princeton, from which she is currently on leave.
Either way, the report left economic observers wondering about the impact departures could have on the White House’s ongoing response to the turbulent economy, stubborn inflation, and a possible recession — all of which are likely to still be front and center for Biden’s team in 2023.
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Article URL : https://finance.yahoo.com/news/what-possible-changes-to-joe-bidens-team-could-mean-for-the-economy-200453747.html