US Treasury Nominee Lew Faces Confirmation Committee

Treasury Secretary nominee Jack Lew seemingly breezed through tough questions posed by Republicans during his first confirmation hearing on Wednesday.
Washington insiders expect Lew, currently the White House chief of staff, to be easily confirmed.

Republicans on the Senate Finance Committee took turns targeting Lew’s experience at Citigroup (C, Fortune 500) during the financial crisis, questioning an offshore investment in the Cayman Islands and a bonus he received even as the bank was being bailed out by taxpayers.
But congressional aides, lobbyists and analysts say Lew was composed and answered questions thoroughly.

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza