Treasury Undersecretary on the State of the Global Economy
Jay Shambaugh, the Treasury Department’s undersecretary for international affairs, joined the Brookings Institution for a discussion on the the… read more
Jay Shambaugh, the Treasury Department’s undersecretary for international affairs, joined the Brookings Institution for a discussion on the the state of the global economy. He said the world has faced several economic shocks that have impacted global markets and financial stability, pointing to the COVID-19 pandemic and Russia’s invasion of Ukraine as the two contributing factors to global uncertainty. Several topics were addressed, including the global poverty crisis, U.S.-China economic relations, the impact of climate change on financial markets, and sovereign country debt reduction. close
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