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Session 9:Views from the Treasury and CEA

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Treasury Secretary Snow and CEA Chairman Mankiw will describe the President's economic policy initiatives and how the state of the economy has figured into their formulation.


NABE members and the press waiting for the appearance of John Snow and Gregory Mankiw.

Session Presentations

Gregory Mankiw's speech (at whitehouse.gov)

Links of Interest

Speakers

John Snow
Secretary
Department of the Treasury

President George W. Bush nominated John William Snow to be the 73rd Secretary of the Treasury on January 13, 2003. The United States Senate unanimously confirmed Snow to the position on January 30, 2003 and he was sworn into office on February 3, 2003. As Secretary of the Treasury, Snow works closely with President Bush to strengthen economic growth and create jobs.

Snow was Chairman and Chief Executive Officer of CSX Corporation, where he successfully guided the transportation company though a period of tremendous change. During Snow’s twenty years at CSX, he led the Corporation to refocus on its core railroad business, dramatically reduce injuries and train accidents, and improve its financial performance.

Snow’s previous public service includes having served at the Department of Transportation as Administrator of the National Highway Traffic Safety Administration, Deputy Undersecretary, Assistant Secretary for the Governmental Affairs, and Deputy Assistant Secretary for Policy, Plans and International Affairs.

Snow’s knowledge of international industry stems from his tenure as Chairman of the Business Roundtable, the foremost business policy group comprised of 250 chief executive officers of the nation's largest companies. During his tenure as Chairman from 1994 through 1996, he played a major role in supporting passage of the North American Free Trade Agreement.

Snow is also recognized as a leading champion of improved corporate governance practices. He is a former co-chairman of the influential Conference Board's Blue-Ribbon Commission on Public Trust and Private Enterprise. He also served as co-chairman of the National Commission on Financial Institution Reform, Recovery and Enforcement in 1992 that made recommendations following the savings and loan crisis.

John Snow was born in Toledo, Ohio, on August 2, 1939, and graduated in 1962 from the University of Toledo. He later earned a Ph.D. in economics from the University of Virginia where he studied under two Nobel Prize winners. Snow graduated with a law degree from the George Washington University in 1967 and then taught economics at the University of Maryland, University of Virginia, as well as law at George Washington. He also served as a Visiting Fellow at the American Enterprise Institute in 1977 and a Distinguished Fellow at the Yale School of Management from 1978 until 1980.

Gregory Mankiw
Chair
Council of Economic Advisers

Dr. N. Gregory Mankiw was appointed by the President and sworn into office as Chairman of the Council of Economic Advisers on May 29, 2003.

Dr. Mankiw is on leave from Harvard University where he is Professor of Economics. As a student, he studied economics at Princeton University and MIT. As a teacher, he has taught macroeconomics, microeconomics, statistics, and principles of economies. He even spent one summer long ago as a sailing instructor on Long Beach Island

Dr. Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals, such as the American Economic Review, Journal of Political Economy, and Quarterly Journal of Economics, and in more widely accessible forums, such as The New York Times, The Financial Times, The Wall Street Journal, and Fortune.

He has written two popular textbooks - the intermediate-level textbook "Macroeconomics" (Worth Publishers) and the introductory textbook "Principles of Economics" (South- Western/Thomson), Together, these two books have sold about a million copies and have been translated into seventeen languages. In addition to his teaching, research, and writing, Professor Mankiw is a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS test development committee for the advanced placement exam in economics. Dr. Mankiw lives in Wellesley, Massachusetts, with his wife and three children.


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