A dip in inflation could be an opportunity for Yellen to bow out gracefully - report

  • Rumors of Yellen's departure continue
Selected remarks from US Treasury Secretary Yellen's prepared speech to the US Senate banking

Rumors that Treasury Secretary Janet Yellen could be on the way out have been circulating for 9 months now but they've returned once again, this time with Fox's Charlie Gasparino reporting that the White House is looking for a 'decent' decline in inflation so she can bow out gracefully and give her successor a cleaner slate.

The thing is, whoever succeeds her will have a tough job because of the gridlock in Congress.

In terms of markets, a new Treasury Secretary won't change anything -- though it will significantly devalue my stash of Yellen memes.

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