Nathan Sheets was a visiting fellow at the Peterson Institute for International Economics during February–June 2017. Sheets has spent his career in a variety of leadership roles, representing the US government in its most important bilateral and G-20 relationships, most recently as under secretary of the Treasury for international affairs.
Before his tenure at the US Treasury, Sheets was global head of international economics at Citigroup. In that role, he provided economic and financial insights to the firm’s institutional clients around the world and helped lead Citi’s team of economists. Sheets worked at the Federal Reserve Board for 18 years in a variety of positions. Between 2007 to 2011, he served as director of the Board’s Division of International Finance, and as one of the three economists to the Federal Open Market Committee (FOMC). In that role, he advised the FOMC on macroeconomic and financial developments in foreign economies, the outlook for US trade, the dollar, and global commodity prices. He also played a key role in operating and extending the Fed’s swap line program with other central banks during the financial crisis.
Sheets has published research in a variety of academic journals including the Journal of Money, Credit, and Banking, Journal of International Money and Finance, Journal of International Economics, and Review of International Economics. He earned his bachelor's degree in economics from Brigham Young University and his PhD from the Massachusetts Institute of Technology.