Marty Feldstein, State Dept won’t be calling

November 7, 2011

The State Department has hung out a “help wanted” sign for chief economist but Marty Feldstein, a leading light in the profession and chief economic adviser to former President Ronald Reagan, apparently doesn’t have what it takes to get the job.

Undersecretary of State Robert Hormats offered the Reuters Washington Summit some insight into what his boss, Hilary Clinton, is looking for.

“Part of the problem is that the State Department has very little expertise in people who can sort of understand markets, real markets, and the kind of information that markets provide and do the foreign policy part at the same time.”

“So, we’re looking for someone who is not really a Marty Feldstein, as great as it would be to get a Marty Feldstein, but someone who can look at markets and look at foreign policy and sort of understand how the two come together.”

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