WASHINGTON (9/2/14)--President Barack Obama announced he will nominate Seth Carpenter to be the U.S. Treasury's assistant secretary for financial markets.
The position reports to the undersecretary of the Treasury for domestic finance, who oversees policy relating to domestic finance issues, fiscal policy, fiscal operations, government assets, government liabilities, and other related economic and fiscal matters.
Carpenter is currently a senior advisor in the Office of Financial Markets. From 2013 to 2014, he served as the deputy assistant secretary for economic policy at the Treasury, and was at the Board of Governors of the Federal Reserve from 1999 to 2014.
He also taught undergraduate and graduate courses at Duke University, the College of William and Mary, George Washington University and The Johns Hopkins University.
Carpenter would replace Matthew Rutherford, who has taken over as undersecretary for domestic finance on an interim basis.