February 06,2014

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Finance Committee Approves Karen Dynan to be Assistant Treasury Secretary for Economic Policy

WASHINGTON –Senate Finance Committee Chairman Max Baucus (D-Mont.) today led the committee’s unanimous approval of Dr. Karen Dynan’s nomination to be assistant secretary for economic policy at the Treasury Department.

“Dr. Dynan’s knowledge and expertise will be critical to the Treasury Department as she takes on this new role,” Senator Baucus said.  “Treasury plays a key role in formulating policies to safeguard and grow our economy, and with her decades of experience I am confident she is up to the task.”

Dynan was the vice president and co-director of the Economic Studies program at the Brookings Institution from 2009 to 2013. Prior to joining Brookings, Dynan served on the staff of the Federal Reserve Board for 17 years, most recently as a senior adviser. While at the Fed, she played a leadership role in a number of areas, including macroeconomic forecasting, analysis of household and real estate finance conditions, and the policy response to the financial crisis. She also served as a senior economist at the White House Council of Economic Advisers, from 2003-2004, and as a visiting assistant professor at Johns Hopkins University in 1998. Dynan received her Ph.D. in Economics from Harvard University and her A.B. from Brown University.