Since the late 1970s, the Office of Economic Policy has provided the principal support to the Secretary of the Treasury in his roles as Chairman and Managing Trustee of the Social Security and Medicare Boards of Trustees. In addition, the Assistant Secretary advises the Secretary on the economic effects of tax and budget policy. Since the early 1970s, the Assistant Secretary for Economic Policy has served on the Troika, the unofficial name of the interagency group comprised of Treasury, the Council of Economic Advisors, and the Office of Management and Budget, that develops official economic assumptions for the President’s budget. Murray Weidenbaum, the first Assistant Secretary, was sworn in on June 23, 1969. This Office formed the basis of the new Office of the Assistant Secretary for Economic Policy which was established on April 1, 1969. Under his leadership the Office undertook research projects and analyzed current developments in the economy. Its first director was Paul Volcker (1962-1963). The Office of Financial Analysis, the precursor to the Office of Economic Policy, was established in late 1961 to advise the Secretary on a broad range of economic problems. The Office utilizes economic analysis and evaluates current economic data to assist in the determination of appropriate economic policies. The primary mission of the Office of the Assistant Secretary for Economic Policy is to support the Secretary of the Treasury as the principal economic official in the government. Laura Feiveson, Deputy Assistant SecretaryĮlizabeth Sawyer, Economic Policy Analyst Tara Sinclair, Deputy Assistant SecretaryĪlexander Schibuola, Economist Office of Microeconomic Analysis Parinitha (Pari) Sastry, Post Doctoral Research Fellow Office of Macroeconomic Analysis Hanjo (Terry) Kim, Financial Economist Office of Climate and Energy EconomicsĪrik Levinson, Deputy Assistant Secretary Samarth Gupta, Special Assistant for Russia/UkraineĪeisha LeGrande, Senior Executive Assistant Office of Financial Analysis Organizationīenjamin Harris, Assistant Secretary Front OfficeĮric Van Nostrand, Senior Advisor for Russia/Ukraine Recent examples include terror risk insurance, financial disclosure and auditing, stock options, parallel imports, health insurance, retirement income security, and long-term care. The Office conducts research to assist in the formulation and articulation of public policies and positions of the Treasury Department on a wide range of microeconomic issues. Economic Policy supports the Secretary of the Treasury in their roles as Chairman and Managing Trustee of the Social Security and Medicare Boards of Trustees. The Office participates, along with the Council of Economic Advisers and the Office of Management and Budget, in the preparation of the Administration's budget. The Assistant Secretary for Economic Policy reports directly to the Secretary of the Treasury and is responsible to them for the review and analysis of both domestic and international economic issues and developments in the financial markets. and world economies and assisting in the determination of appropriate economic policies. The Office of Economic Policy is responsible for analyzing and reporting on current and prospective economic developments in the U.S.
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