Trump said to tap David Malpass for international Treasury post

Washington

PRESIDENT Donald Trump plans to nominate David Malpass, a former Bear Stearns economist, as US Treasury undersecretary for international affairs, said a person familiar with the deliberations. His first job will be to help guide policy as the world wonders whether the new administration will make a habit of talking up or down other countries' currencies.

If confirmed by the Senate, Mr Malpass, 60, would bring extensive government experience to an economic team that has little background in public service. He served as a deputy assistant secretary in the Treasury and State departments during the administrations of Ronald Reagan and George HW Bush.