Secretary of State Hillary Rodham Clinton is appointing the State Department’s first chief economist.
Rumors indicate that Clinton will name Heidi Crebo-Rediker, a top aide to Senate Foreign Relations Committee chairman John Kerry, to the post.
Crebo-Rediker is one scary global banker. She has worked for Bear Stearns, Lehman Brothers and Merrill Lynch. Over her career, she managed businesses ranging from Sovereign, Supranational and Public Sector Banking, European Debt Capital Markets and Emerging Markets Debt Capital Markets.
She is a member of the Council on Foreign Relations and Royal Institute of International Affairs (Chatham House). A graduate of Dartmouth College and the London School of Economics.
She has written (my bold):
....is there a relationship between the financial turmoil and US power. The answer has to be yes – for both internal and external reasons.
The internal reasons are more obvious: a strong economy is critical to the ability of the US to lead, to fund national security needs, and to generate public support for any truly necessary engagement abroad to protect national security interests...