Seth Wheeler
Seth Wheeler | |
|---|---|
| Alma mater | Brigham Young University (BA), Harvard Business School (MBA), Columbia Law School (JD) |
| Occupation(s) | Entrepreneur, government policy advisor |
| Years active | 2007–present |
| Employer | JPMorgan Chase |
| Known for | Special Assistant to the President for Economic Policy, Senior Advisor for Financial Services, role in Home Affordable Modification Program |
Seth Wheeler is an American entrepreneur and former government policy advisor. During the Bush administration, he played a pivotal role in managing the federal government's response to the housing crisis amid the Great Recession.[1][2] Under President Barack Obama, Wheeler held the positions of Special Assistant to the President for Economic Policy and Senior Advisor for Financial Services. He is currently employed by JPMorgan Chase.[3]
Career
Wheeler holds a Bachelor of Arts degree in Economics and Asian Studies from Brigham Young University, an M.B.A. from Harvard Business School, and a J.D. from Columbia Law School.[4] His professional background includes work at Bain and Morgan Stanley before joining the U.S. Treasury Department during the Bush administration. He continued as a highly compensated advisor in the Obama administration and also served as a Guest Scholar specializing in Financial Innovation at The Brookings Institution.[3][5]
Response to Housing Crisis
Starting his tenure at Treasury in 2007, Wheeler played an instrumental role in developing the Home Affordable Modification Program, which aimed to reduce foreclosures by refinancing mortgages for more than 200,000 homeowners. Although the program faced operational difficulties, it represented a major federal initiative during the subprime mortgage turmoil. Wheeler eventually departed from public service due to personal reasons.[1]