Advisor to the President
The U.S. Senate has confirmed Kristin Forbes, PhD ‘98, an associate professor in the Sloan School of Management, as a member of President George W. Bush’s Council of Economic Advisers. The council of three noted academic economists provides expert and unbiased analysis on a wide range of national and international issues to the president, his staff, and other agencies that shape the administration’s policy.“Kristin will be a very effective member,” says Richard Schmalensee, dean of the Sloan School and a member of the council during the first Bush administration. “She is able to analyze complex issues carefully and rapidly, and she is able to communicate the results of economic analyses clearly to non-economists.”
This is the second Washington assignment for Forbes, who specializes in international finance and development issues. She spent the 2001 academic year at the U.S. Treasury Department, analyzing financial crises in emerging nations. On the Council of Economic Advisers, Forbes is exploring issues related to trade with China, U.S. steel tariffs, and South American countries in severe financial difficulties.
Serving on the council “makes me think more broadly of the social and political costs of different policies,” says Forbes, who is on leave from MIT. “On good days, I feel like I really make a difference in shaping policy that will help thousands.”
At 33, Forbes is the youngest person ever to serve on the council, which was established in 1946. She expects to hold this position for about two years.