Wednesday, February 6, 2013

Treasury Secretary Geithner to Join CFR

The Council on Foreign Relations (CFR) announced today that former Treasury Secretary Timothy Geithner will join CFR later this month as a Distinguished Fellow.  He will be based at CFR's headquarters in New York.

Here is what Reuters has to say.  Here is what the Los Angeles Times has to say.  Here is what the Washington Post has to say.

Here is what Matthew Yglesias at Slate has to say:
What that amounts to exactly and what it pays I couldn't say, in part because CFR currently doesn't seem to have anyone with the title "distinguished fellow" which I think we're supposed to understand to be more senior than "senior fellow." But Geithner will be in residence at CFR with an office and presumably doing some kind of writing.
Here is what Lloyd's has to say:
The move keeps Mr. Geithner, 51, plugged into Washington and New York power circles while giving him ample time to pursue other interests, such as public speaking and perhaps even penning a book. Many of his friends speculated that after four grueling years at the Treasury Department, Mr. Geithner would choose a low-key post for the next year or so that would give him plenty of flexibility.
CFR is an influential member-based organization that operates as sort of a think tank, hosting panels, speeches, and publishing reports on a range of current events.  Mr. Geithner has plenty of colleagues at CFR and would likely fit in easily. One of his mentors, former Treasury Secretary Robert Rubin, is CFR's co-chairman.
Mr. Geithner was previously a Senior Fellow at CFR in 2011.

Here is a video of Geithner speaking at CFR on June 13, 2012.  Here is a transcript from a speech that Geithner gave at CFR on April 26, 2011.  Here is a transcript from a speech that Geithner gave at CFR on March 25, 2009.

CFR is not the only think tank that Geither has embraced.  For example, in August 2010 he gave a speech about tax cuts at the Center for American Progress (CAP).  In April 2012, Geithner gave a speech about the economy at the Brookings Institution.

It is possible that fellow former Cabinet member Hillary Clinton could also join CFR.  Clinton, who last week stepped down as Secretary of State, just gave her farewell speech at CFR several days ago.