Jay Shambaugh | |
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| Under Secretary of the Treasury for International Affairs | |
| In office January 13, 2023 –January 20, 2025 | |
| President | Joe Biden |
| Preceded by | Brent McIntosh |
| Succeeded by | TBC |
| Personal details | |
| Education | Yale University (BA) Tufts University (MA) University of California,Berkeley (PhD) |
Jay C. Shambaugh is an American economist who served as Under Secretary of the Treasury for International Affairs at the U.S. Department of the Treasury from 2023 to 2025. [1]
Shambaugh holds a BA from Yale University,a MA from the Fletcher School,and a PhD in economics from the University of California,Berkeley. [2]
Shambaugh has worked as an instructor at Dartmouth College and Georgetown University. He was also a visiting scholar at the International Monetary Fund. He was a research associate at the National Bureau of Economic Research and was a senior fellow at the Brookings Institution. From 2015 to 2017,Shambaugh was a staff economist on the Council of Economic Advisers. [3] He has since worked as a professor of economics and international affairs at the George Washington University and director of the Institute for International Economic Policy. [4] Shambaugh has appeared as a guest on NPR,where he has provided commentary on economic policy related to gig work. [5] [6]
In February 2022,Shambaugh was nominated to serve as under secretary of the treasury for international affairs. [7] He was confirmed by the United States Senate on December 13,2022,by a vote of 70–27, [8] and he was sworn in by Secretary Janet Yellen on January 13,2023. [9]
On April 18,2023,Shambaugh delivered a speech on the state of the global economy at the Brookings Institution. [10]
On July 26,2023,Shambaugh testified to the U.S. Senate Foreign Relations Committee on international economic coercion and economic competitiveness. [11] His testimony focused on U.S. engagement with China and how Treasury uses its economic tools to promote U.S. national security and foreign policy interests. [12]
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