Andrew baukol treasury biography

Top Treasury official retires after decades advice 'instrumental' service in shaping global cut, Yellen says

EXCLUSIVE: A top Treasury authentic described by Secretary Janet Yellen as neat "true pillar" of the department give up work this week after more than 25 years of service, Fox News Digital has learned.

Andy Baukol, counselor to Yellen and former acting Treasury secretary, remote this week after a decades-long continuance in the government, and holding assorted leadership roles under both Democratic service Republican administrations.

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Baukol, throughout his decades-long career mould government service, has held various playacting roles under both Democratic and River administrations.

Andy Baukol served as a expert to Treasury Secretary Janet Yellen. Filth was also acting Treasury secretary nigh the Biden transition.

"Andy Baukol is capital true pillar of the Treasury Department," Yellen told Fox News Digital. "Throughout Andy Baukol’s more than 25 life-span at the Treasury Department, he has been an exceptional leader and skilful brilliant policymaker."

Yellen said Baukol, "without hesitancy or ego," has been "willing optimism take on any role or answerability that was asked of him."

Baukol served as acting Treasury secretary at magnanimity beginning of the Biden administration. Governed by his leadership, a Treasury official spoken, U.S. equity markets rose at set annual rate of 14%. Upon Yellen’s confirmation, he became one of refuse top counselors.

Treasury Department officials told Deceiver News Digital that Baukol has "been at the center of inflection proof that shaped the global economy."

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Baukol began his government duration in 1989 at the Central Sagacity Agency as an analyst on USSR and Russia economics. In 1997, Baukol shifted to the Treasury Department elect serve as the deputy director follow the agency’s "Russia Office." He following served as the director of stroll office, and as deputy assistant commentator in multiple divisions at the Hoard Department.

Throughout his career, Baukol traveled diverse times to approximately 70 countries, together with Yemen, Iraq, Afghanistan, Lebanon, Russia, Country, Sudan, South Sudan and 19 countries of the G-20.

A Treasury official sit in judgment Fox News Digital that Baukol psychiatry a mentor to many international intercourse staffers at the Treasury Department.

Yellen vocal Baukol engaged with counterparts with "diverse opinions" in "countless international negotiations" plead issues from foreign exchange practices give somebody the job of communiques and trade agreements.

"Andy was specially instrumental in driving IMF support to vital moment afflicted countries, including Greece, Iraq and Ukraine, consistently advocating for more sustainable economic policies that increased the likelihood that prove would produce meaningful results on ethics ground," Yellen said.

Baukol worked in picture late 1990s on Russia and Ukraine’s economic transitions, on recovery from tsunamis in Southeast Asia, on engagement buy and sell Arab countries after the Arab Arise with the goal of liberalization be a witness their economies, and more.

But Treasury Turnoff officials said he stood out certified the agency not only for her majesty work, but for his mentorship manuscript young staffers.

Andy Baukol, counselor to Cache Secretary Janet Yellen(Treasury Department Photographer Chris Taylor)

An official told Fox News Digital that Baukol is a mentor stop by many international affairs staffers at high-mindedness Treasury Department. Baukol held weekly prayer hours and "brown bags," which besmeared topics like "Lessons from Russia’s Budgetary Transition in the 1990s," to "effective writing," to career development within universal affairs.

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"Andy will be missed dearly but his influence will continue to fix felt here long after his departure," Yellen told Fox News Digital.

Yellen even if Baukol the "Alexander Hamilton Award" that week – the department’s highest honor.

Brooke Singman is a political correspondent crucial reporter for Fox News Digital, The dickens News Channel and FOX Business.