Jay Shambaugh | |
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| Under Secretary of the Treasury for International Affairs | |
| Assumed office January 13, 2023 | |
| President | Joe Biden |
| Preceded by | Brent McIntosh |
| Personal details | |
| Education | Yale University (BA) Tufts University (MA) University of California,Berkeley (PhD) |
Jay C. Shambaugh is an American academic,economist,and government official who has served as Under Secretary of the Treasury for International Affairs at the U.S. Department of the Treasury since January 2023.
Shambaugh earned a Bachelor of Arts degree from Yale University,a Master of Arts from Tufts University,and a PhD from the University of California,Berkeley. [1]
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. [2] 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. [3] Shambaugh has appeared as a guest on NPR,where he has provided commentary on economic policy related to gig work. [4] [5]
In February 2022,Shambaugh was nominated to serve as under secretary of the treasury for international affairs. [6] He was confirmed by the United States Senate on December 13,2022,by a vote of 70–27, [7] and he was sworn in by Secretary Janet Yellen on January 13,2023. [8]
On April 18,2023,Shambaugh in a speech at the Brookings Institution,Shambaugh provided the Treasury Department viewpoint on the state of the global economy. [9]
On July 26,2023,Shambaugh testified to the U.S. Senate Foreign Relations Committee on international economic coercion and economic competitiveness. [10] Shambaugh's testimony focused on U.S. engagement with China and how Treasury uses its economic tools to promote U.S. national and foreign policy interests. [11]
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The Under Secretary of the Treasury for International Affairs is a high-ranking position within United States Department of the Treasury that reports to,advises,and assists the Secretary of the Treasury and the Deputy Secretary of the Treasury on international economic issues and is often referred to as the U.S. Treasury’s top economic diplomat. As of January 13,2023,the under secretary is Jay Shambaugh.
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