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John B. Taylor was sworn in this morning as Treasury Under Secretary for International Affairs by Secretary Paul O'Neill. The U.S. Senate voted to confirm Taylor on Saturday, May 27.
As Under Secretary for International Affairs, Taylor serves as the principal advisor to the Secretary on a wide range of international issues. He will lead development of policies and guidance of the Department's activities in the areas of international financial, economic and monetary affairs, trade and investment policy, international debt, and U.S. participation in international financial institutions.
Taylor will also help to coordinate United States economic policies with finance ministries of the G-7 industrial nations.
Taylor, a Stanford University economist, is a globally recognized expert on international monetary policy. He previously served as a member of the Council of Economic Advisers under President George H.W. Bush, and also was a delegate to the Uruguay Round of trade negotiations.
Taylor was born on December 8, 1946 in Yonkers, New York. He graduated from Princeton University in 1968 and received a doctorate in economics from Stanford University in 1973. He is married and has two children.