Daleep Singh (born March 12, 1976) is an American economist who served as

Deputy National Security Advisor The United States Deputy National Security Advisor is a member of the Executive Office of the President of the United States and the United States National Security Council, serving under the President's National Security Advisor (United States), N ...

for

International Economics International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns an ...

in the

Biden administration Joe Biden's tenure as the List of presidents of the United States, 46th president of the United States began with Inauguration of Joe Biden, his inauguration on January 20, 2021, and ended on January 20, 2025. Biden, a member of the Democr ...

. Having previously served in the same role in the Biden administration, he joined PGIM Fixed Income in June 2022 as chief global economist before returning to the administration in February 2024. He is one of the primary architects of the sanctions package that the US implemented on Russia after Russia invaded Ukraine in 2022 and has been at the forefront of designing and teaching "economic statecraft" at the intersection of economic policy and national security, including as a lecturer at the

Johns Hopkins School of Advanced International Studies The School of Advanced International Studies (SAIS) is a graduate school of Johns Hopkins University based in Washington, D.C. The school also maintains campuses in Bologna, Italy and Nanjing, China. The school is devoted to the study of int ...

Early life and education

Singh was born into an Indian

Ramgharia Sikh The Ramgarhia are a community of Sikhs from the Punjab region of northwestern India, encompassing members of the Lohar (blacksmiths) and Tarkhan (carpenters) subgroups. Etymology Originally called Thoka, meaning ''carpenter'', the Ramgarhia ...

family in

Olney, Maryland Olney is a census-designated place and an unincorporated area in Montgomery County, Maryland, United States. It is located in the north central part of the county, north of Washington, D.C. Olney was largely agricultural until the 1960s, when g ...

and raised in

Raleigh, North Carolina Raleigh ( ) is the List of capitals in the United States, capital city of the U.S. state of North Carolina. It is the List of municipalities in North Carolina, second-most populous city in the state (after Charlotte, North Carolina, Charlotte) ...

. He attended

Enloe High School William G. Enloe GT/IB Magnet Center for the Humanities, Sciences and the Arts, also known as Enloe Magnet High School or Enloe High School, is a public magnet high school offering Gifted & Talented and International Baccalaureate programs lo ...

and was selected in 1992 to represent North Carolina at Boys' Nation, meeting President George H.W. Bush in the Rose Garden. His great-granduncle was the first Asian American elected to Congress,

Dalip Singh Saund Dalip Singh Saund (September 20, 1899 – April 22, 1973) was an Indian-born American farmer, lobbyist, judicial officer, academic, and Democratic Party politician who served in the United States House of Representatives from 1957 to 1963. He wa ...

. Singh earned a

Bachelor of Arts A Bachelor of Arts (abbreviated B.A., BA, A.B. or AB; from the Latin ', ', or ') is the holder of a bachelor's degree awarded for an undergraduate program in the liberal arts, or, in some cases, other disciplines. A Bachelor of Arts deg ...

degree in

economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

and

public policy Public policy is an institutionalized proposal or a Group decision-making, decided set of elements like laws, regulations, guidelines, and actions to Problem solving, solve or address relevant and problematic social issues, guided by a conceptio ...

from

Duke University Duke University is a Private university, private research university in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present-day city of Trinity, North Carolina, Trinity in 1838, the school moved to Durham in 1 ...

, followed by a dual

Master of Business Administration A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular ...

and

Master of Public Administration A Master of Public Administration (MPA) is a specialized professional graduate degree in public administration that prepares students for leadership roles, similar or equivalent to a Master of Business Administration but with an emphasis on the ...

in international economics from the

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a Private university, private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of moder ...

and the

Harvard Kennedy School The John F. Kennedy School of Government, commonly referred to as Harvard Kennedy School (HKS), is the school of public policy of Harvard University, a private university in Cambridge, Massachusetts. Harvard Kennedy School offers master's de ...

Career

He was also deputy assistant secretary of the Treasury for international affairs and acting

Assistant Secretary of the Treasury for Financial Markets The Assistant Secretary of the Treasury for Financial Markets is an official in the United States Department of the Treasury who heads the Office of Financial Markets. According to U.S. statute, there are ten Assistant Secretaries of the Treas ...

in the

Obama administration Barack Obama's tenure as the 44th president of the United States began with his first inauguration on January 20, 2009, and ended on January 20, 2017. Obama, a Democrat from Illinois, took office following his victory over Republican nomine ...

, spearheading the Department's response to

Greece Greece, officially the Hellenic Republic, is a country in Southeast Europe. Located on the southern tip of the Balkan peninsula, it shares land borders with Albania to the northwest, North Macedonia and Bulgaria to the north, and Turkey to th ...

's near-exit from the eurozone in 2015 and advocating for reforms to bolster the resilience of Treasury markets. During the most acute phase of the

COVID-19 pandemic The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ...

in 2020, Singh was executive vice president and head of the Markets Group at the

Federal Reserve Bank of New York The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the New York (state), State of New York, the 12 norther ...

. In this capacity, Singh was reportedly responsible for implementing most of the emergency lending programs put in place by the Federal Reserve to backstop the economy.

Biden Administration

He was appointed by President Biden as

at the

National Security Council A national security council (NSC) is usually an executive branch governmental body responsible for coordinating policy on national security issues and advising chief executives on matters related to national security. An NSC is often headed by a n ...

and deputy director of the National Economic Council in mid-February 2021. Before the invasion of Ukraine, Singh led the Administration’s efforts to launch a democratic alternative to China’s Belt and Road Initiative, craft a digital assets strategy, develop a global pandemic preparedness fund, and reform the World Bank.

Russia's invasion of Ukraine

After the

Russian invasion of Ukraine On 24 February 2022, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thou ...

in late February 2022, Singh emerged as a chief architect of the economic sanctions imposed by the United States on Russia, detailing the Administration's design and strategy in multiple press briefings from the White House podium and press interviews, including a feature story on 60 minutes. Singh identified that the Russian economy was dependent on Western cutting-edge technologies such as microchips and software and that the Russian economy was vulnerable to a sudden stop of overseas capital. He pushed for and coordinated the sanctions measures taken against Russia's central bank, as the US, EU, UK, Japan, and Canada prohibited any dealings with the entity only two days after the invasion began. According to the ''

New Yorker New Yorker may refer to: * A resident of New York: ** A resident of New York City and its suburbs *** List of people from New York City ** A resident of the New York (state), State of New York *** Demographics of New York (state) * ''The New Yor ...

'', "No entity as large as the Russian Central Bank, nor so important to the global economy, had been sanctioned in modern times." Singh began "an extended leave of absence" from the White House beginning in April 2022, immediately after returning from India where he met his Indian counterparts, reportedly due to family reasons.

2022 - 2024

Singh has testified to Congress on the Russia sanctions regime, argued in favor of "freedom bonds"for Ukraine (inspired by the

Brady plan Brady bonds are dollar-denominated bonds, issued mostly by Latin American countries in the late 1980s. The bonds were named after United States Secretary of the Treasury Nicholas F. Brady, who proposed a novel debt-reduction agreement for deve ...

), and continued to advocate forcefully in favor of a digital dollar. In June 2022, he joined PGIM Fixed Income, one of the largest fixed income managers, as their chief global economist. In December 2022, Singh was named to the '' Bloomberg 50'' list of individuals who most influenced the global business landscape.

References

{{DEFAULTSORT:Singh, Daleep American politicians of Indian descent American Sikhs Biden administration personnel Duke University alumni Harvard Kennedy School alumni Living people Massachusetts Institute of Technology alumni People from Olney, Maryland People from Raleigh, North Carolina United States deputy national security advisors 1976 births