Bank of America CEO to replace Yellen as Treasury Secretary? The White House gave a clear response

According to US media reports on Friday local time, if the current US Treasury Secretary Yellen “leaves”, one of the most promising candidates is Bank of America CEO Brian Moynihan (Brian Moynihan). Rumors of Yellen leaving the White House team have swirled over the past year as the U.S. faces severe inflation and a possible recession. At a press conference on Friday, White House press secretary Karin Jean-Pierre responded that it was pure speculation and that Yellen had no plans to leave the Treasury Department. Moynihan is considered a successful banker who led Bank of America out of the 2008 financial crisis and completed the acquisition of financial giant Merrill Lynch. | Related reading (Financial Association)

Yin Junyu

Faced with the still severe inflation rate and the coming global economic recession in the future, the top economic departments in the United States are in a dilemma. Otherwise, Yellen would not have publicly admitted that she made a mistake in her previous work judgment. From this point of view, Yellen’s move is quite “sincere”, but in a certain sense, it also means a kind of “weakness” in the political circle. After all, the art of politicians is to kill them and not admit that they are wrong. It is the reason why the outside world speculates that Yellen will leave office, but judging by the denials of the White House and the CEO of Bank of America, either there is no such thing at all, or this matter is still pending and it is not convenient to disclose it.

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