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How the White House Plans to Hurt Putin

October 7, 2022  |  On Demand

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How is President Joe Biden’s White House staving off the current economic crisis? What has been the impact of U.S. sanctions on the Russian economy, and how can the United States do more to impact Russia’s plans in its war? What strategies are in place to get inflation down, and when will the global economy feel the effects of the White House’s plans?  

The U.S. Treasury’s No. 2 official, Wally Adeyemo, joined Ravi Agrawal on FP Live to discuss the current challenges to the world economy, the impact of the war in Ukraine, and much else. 

U.S. Deputy Treasury Secretary Wally Adeyemo discusses how badly OPEC’s decision to slash oil production hurts American interests.

Wally Adeyemo, deputy secretary of the U.S. Treasury, explains how the White House decides to what degree it should hurt Russia with sanctions.

U.S. Deputy Treasury Secretary Wally Adeyemo shares what finance ministers from around the world tell him despite not publicly rebuking Russia.

Wally Adeyemo, deputy secretary of the U.S. Treasury, says there are no signs that the United States is in a recession.

U.S. Deputy Treasury Secretary Wally Adeyemo discusses the Biden administration’s plans to lift Chinese goods.

Wally Adeyemo

Deputy secretary of the U.S. Treasury

As deputy secretary, Wally Adeyemo serves as the U.S. Treasury Department’s No. 2 official and chief operating officer after Treasury Secretary Janet Yellen. Adeyemo is currently serving in his second role at the Treasury Department. His first role began in the early days of the Obama administration, during the depths of the Great Recession. Adeyemo was senior advisor and deputy chief of staff under Treasury Secretaries Tim Geithner and Jack Lew.

From 2015 to 2017, Adeyemo served in the Obama White House as deputy national security advisor for international economics and deputy director of the National Economic Council. He also served as President Barack Obama’s representative to the G-7 and G-20.

Ravi Agrawal

Editor in chief, Foreign Policy

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U.S. Deputy Treasury Secretary Wally Adeyemo is seen in Brussels on March 29.
U.S. Deputy Treasury Secretary Wally Adeyemo is seen in Brussels on March 29.

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The Biden administration came into office promising to reinstate the Iran nuclear deal. Almost two years later, momentum has dissipated, and the deal has all but been derailed. Meanwhile Ira...Show more

U.S. Deputy Treasury Secretary Wally Adeyemo is seen in Brussels on March 29.
U.S. Deputy Treasury Secretary Wally Adeyemo is seen in Brussels on March 29.

Ramachandra Guha on Modi’s India

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Indian Prime Minister Narendra Modi is likely the most popular elected leader in the world. No other politician has won so many votes in history. Few other incumbent leaders around the world...Show more

U.S. Deputy Treasury Secretary Wally Adeyemo is seen in Brussels on March 29.
U.S. Deputy Treasury Secretary Wally Adeyemo is seen in Brussels on March 29.

Leaders of the world’s largest economies gathered in Bali, Indonesia, for the G-20 summit this week. Challenges to address included Russia’s war in Ukraine, unprecedented risks to intern...Show more