The Obama administration is considering nominating Citigroup economist Nathan Sheets to be the Treasury Department's top official for international affairs, according to two sources familiar with the matter. If nominated and confirmed by the Senate, Sheets would be a key figure in U.S. financial and economic diplomacy and would help lead international discussions on the global economy. As the Treasury's under secretary for international affairs, Sheets would have to field questions from emerging market nations whose markets are reeling from a dramatic reversal of money flows tied partly to the U.S. Federal Reserve's decision to curtail its economic stimulus. He would also get an earful from developing countries frustrated by U.S. intransigence in following through on a promise to give emerging economies a bigger say at the International Monetary Fund.
via Business News - Yahoo Finance http://ift.tt/1bf3qp8
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