Jay Shambaugh is the Biden Administration nominee for the Treasury Department’s undersecretary of international affairs.
Mr. Shambaugh is a professor of Economics and International Affairs at the Elliott School of International Affairs at the George Washington University. He served as a Member of the White House Council of Economic Advisers from 2015 to 2017, where he was involved in policy related to international economics, macroeconomics, competition policy, energy and environment policy, technology, and more. He also served as the first Senior Economist for International Economics and then Chief Economist at the White House Council of Economic Advisers from 2009 to 2011. He is a nonresident senior fellow in Economic Studies at the Brookings Institution and former director of The Hamilton Project.
Statements on development, diplomacy, and U.S. global leadership:
On Gender Equity: “The lack of women in science and innovation fields is not simply a question of fairness or equality; it suggests that the economy is missing out on important potential for productivity growth.” (source)
On Foreign Policy for the Middle Class: “Among prime-age workers (ages 25–54), 83% are working in top counties compared to 67% in the bottom quintile of counties [in America]. These gaps show that to make progress on the people not working or inequality, we need to deal with the local economies that are getting left behind by globalization and automation.” (source)
On Global Economic Recovery: “We still have more work to do to complete our recovery, increase our growth rate, and ensure more of that growth is shared.” (source)