Tara Sinclair

Deputy Assistant Secretary for Macroeconomics

U.S. Treasury Department

"Job Creation in the Short and Long Run"

Abstract: The strong recovery from the Covid recession resulted from unprecedented policy action that brought the United States from an unemployment rate that peaked at nearly 15 percent in April of 2020 to an over 50-year low of 3.4 percent by January of 2023.  But there is more work to do.  Our economy can continue to create more and better jobs with the right investments.  In this talk, Dr. Sinclair will discuss some of the economic thinking behind the policies used in a time of economic recovery.  She will then turn to longer-term macroeconomic policy, specifically focusing on policies from Treasury Secretary Yellen’s modern supply side economics framework that can create more and better jobs in the long run.

Biography: Tara M. Sinclair is Deputy Assistant Secretary for Macroeconomics in the Office of Economic Policy at the Department of Treasury.  Sinclair is on detail from her position as a professor of economics and international affairs at the George Washington University and director of their H.O. Stekler Research Program on Forecasting. Prior to joining the Treasury Department, Sinclair was a senior fellow and former chief economist at job search site Indeed.  Sinclair uses her research to connect economic principles with real-world concerns, developing data sources and tools that policymakers can use in their decision-making. She is a sought-after public speaker who regularly consults with public officials, business leaders, and the press on issues related to business cycles, labor market dynamics, forecasting, big data, and macroeconomic policy. Dr. Sinclair earned her PhD in economics from Washington University in St. Louis, Missouri in 2005.