WASHINGTON - Citigroup economist Nathan Sheets will start working next week as a counselor to U.S. Treasury Secretary Jack Lew, an official at the Treasury Department told Reuters on Monday. Reuters reported on Friday that the Obama administration was considering nominating Sheets to be the Treasury's top official for international affairs, a post that has been vacant since November. Sheets' new job as counselor would give him a position at the Treasury from which to advise Lew until he is nominated and confirmed by the Senate. As the Treasury's undersecretary 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.
Source: REUTERS
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