Diana Farrell

Diana Farrell

Deputy Director, National Economic Council
In office January 28, 2009 – January 2011 Serving with Jason Furman
President	Barack Obama
Personal details
Born	March 16, 1965 Bogota, Colombia
Political party	Democratic
Spouse(s)	Scott D. Pearson
Children	Two children, Sonia Pearson, 17 and Jasper Pearson 15
Alma mater	Wesleyan University Harvard Business School
Occupation	Economics

Diana Farrell is the founding President and Chief Executive Officer of the JPMorgan Chase Institute, a global think tank dedicated to delivering data-rich analyses and expert insights for the public good.

Previously, Ms. Farrell was the Global Head of the McKinsey Center for Government (MCG), providing research, proprietary data, and other tools to support government leaders focused on improving performance. In addition, she was a leader of McKinsey’s global Public Sector Practice, and a member of their Partner Review Committee.

From 2009 to 2011, Farrell was Deputy Director of the United States National Economic Council (NEC) and Deputy Assistant on Economic Policy to President Barack Obama. She was also a member of the Presidential Task Force on the Auto Industry.^[1]^[2] While at the White House, Farrell directed interagency processes for the administration’s financial regulatory reform, housing and housing-finance policy, and innovation and competitiveness agendas.

On November 22, 2010, Farrell announced that she would be leaving the administration by the end of the year. Lawrence Summers, then the Director of the NEC, who had previously announced that he would return at the end of the year to Harvard University, noted that Farrell had "played a central role" in the efforts of the administration to encourage economic growth, restructure the auto industry, and respond to the housing crisis. Summers further stated: "Her natural talent as a policy maker and her good judgment made her invaluable in setting a course for economic recovery."^[3]

Prior to serving in government, Farrell was the Director of the McKinsey Global Institute (MGI), McKinsey & Company's economics research arm. While at McKinsey she was also a leader of the Global Financial Institutions and Global Strategy practices. Prior to joining McKinsey, she worked for Goldman Sachs in New York.

Farrell has a B.A. from Wesleyan University in Economics (College of Social Studies) and an M.B.A. from Harvard Business School. She is a member of Council on Foreign Relations, the Aspen Strategy Group, the Aspen Program on the World Economy, the Bretton Woods Committee, and the Trilateral Commission. She is a member of the World Economic Forum Global Agenda Council and was Vice-Chair of the organization’s Future of Government Global Agenda Council. She is on the Wesleyan University board of trustees and is married with two children.^[4]

Research

In 2003, Farrell was the author of a paper in which she argued that sending American jobs overseas might be "as beneficial to the U.S. as to the destination country, probably more so."^[5]

In a video for the McKinsey Global Institute, where she formerly served as a director, Farrell describes four "newly powerful" brokers. One of these is "Asian economies which are...generating significant surpluses."^[6]

Farrell is a supporter of regulation of large banks. In an interview with National Public Radio, she stated: "We have created them, and we're sort of past that point, and I think that in some sense, the genie's out of the bottle and what we need to do is to manage them and to oversee them, as opposed to hark back to a time that we're unlikely to ever come back to or want to come back to."^[7]

Selected Publications

"Government by Design: Four Principles for a Better Public Sector", McKinsey Center for Government, December 2013

"Education to Employment: Designing a System That Works", McKinsey Center for Government, December 2012

"Government Designed for New Times", McKinsey Center for Government, October 2012

“New but not yet normal: Corporate and investment banking in transition”, McKinsey on Corporate & Investment Banking, September 2010

“Changing the fortunes of America's workforce: A human capital challenge”, McKinsey Global Institute, June 2009

“Promoting energy efficiency in the developing world”, McKinsey Quarterly, February 2009

“Why Americans pay more for health care”, McKinsey Quarterly, December 2008

“Leading through uncertainty”, McKinsey Quarterly, December 2008

“The challenge of reforming Japan’s health system”, McKinsey Global Institute, November 2008

“Why baby boomers will need to work longer”, McKinsey Quarterly, November 2008

“New thinking for a new financial order”, Harvard Business Review, September 2008

“Capturing the European energy productivity opportunity”, McKinsey Global Institute, September 2008

“Boosting Europe’s energy productivity”, Businessweek, September 2008

“China’s urbanization means rich rewards for business”, Businessweek, September 2008

“How the world should invest in energy efficiency”, McKinsey Quarterly, July 2008

“The rise of the euro”, Businessweek, March 2008

“Investing the Gulf’s oil profits windfall”, McKinsey Quarterly, May 2008

“The challenge of funding Japan’s future health care needs”, McKinsey Global Institute, March 2008

“Gulf states must use oil wealth wisely”, Businessweek, February 2008

“Long-term trends in global capital markets”, McKinsey Quarterly, February 2008

“The new role of oil wealth in the world economy”, McKinsey Quarterly, January 2008

Offshoring: Understanding the Emerging Global Labor Market, Harvard Business Press Books, 2006

Driving Growth: Breaking Down Barriers to Global Prosperity, Harvard Business Press Books, 2006

Productivity Imperative: Wealth and Poverty in the Global Economy, Harvard Business Press Books, 2006

“Smarter offshoring”, Harvard Business Review, June 2006

Market Unbound, Wiley & Sons, 1996

References

↑ http://www.ustreas.gov/press/releases/tg36.htm
↑ http://www.whorunsgov.com/Profiles/Diana_Farrell
↑ Johnston, Nicholas (November 23, 2010). "Farrell, Barr Planning to Leave Obama Administration's Economic Team". Bloomberg.
↑ The White House, Office of the Press Secretary (2009-01-28). "President Obama Announces Deputy Directors for the National Economic Council". Retrieved 2009-05-08.
↑ "Perspectives on Offshoring".
↑ ""The New Power Brokers: Gaining Clout in Turbulent Markets," video, produced by the McKinsey Global Institute, San Francisco, California.".
↑ ""Rewriting The Rules Of The Financial System," Alex Blumberg interviewer, National Public Radio, Washington, D.C., December 13, 2009.".

External links

Biography at McKinsey & Company Public Sector Practice
Diana Farrell collected news and commentary at The Washington Post
Appearances on C-SPAN
Works by or about Diana Farrell in libraries (WorldCat catalog)
Biography at McKinsey & Company, World Economic Forum 2005
Author info at Bloomberg Businessweek
Biography at UN.org

Obama Administration personnel

Cabinet and cabinet-level

Office	Name	Term	Office	Name	Term
Secretary of State	John Kerry	2013–	Secretary of Treasury	Jack Lew	2013–
Secretary of Defense	Ashton Carter	2015–	Attorney General	Loretta Lynch	2015–
Secretary of the Interior	Sally Jewell	2013–	Secretary of Agriculture	Tom Vilsack	2009–
Secretary of Commerce	Penny Pritzker	2013–	Secretary of Labor	Thomas Perez	2013–
Secretary of Health and Human Services	Sylvia Mathews Burwell	2014–	Secretary of Education Secretary of Transportation	Arne Duncan Anthony Foxx	2009– 2013–
Secretary of Housing and Urban Development	Julian Castro	2014–	Secretary of Veterans Affairs	Robert A. McDonald	2014–
Secretary of Energy	Ernest Moniz	2013–	Secretary of Homeland Security	Jeh Johnson	2013–

Vice President	Joe Biden	2009–	White House Chief of Staff	Denis McDonough	2013–
Director of the Office of Management and Budget	Shaun Donovan	2014–	Administrator of the Environmental Protection Agency	Gina McCarthy	2013–
Ambassador to the United Nations	Samantha Power	2013–	Chair of the Council of Economic Advisers	Jason Furman	2013–
Trade Representative	Michael Froman	2013–	Administrator of the Small Business Administration	Maria Contreras-Sweet	2014–

Below solid line: Granted Cabinet rank although not automatically part of the Cabinet. See also: Confirmations of Barack Obama's Cabinet

Executive Office of the President

Office	Name	Term	Office	Name	Term
White House Chief of Staff White House Deputy Chief of Staff for Policy	Rahm Emanuel Pete Rouse William M. Daley Jack Lew Denis McDonough Mona Sutphen Nancy-Ann DeParle Rob Nabors	2009–10 2010–11 2011–12 2012–13 2013– 2009–11 2011–13 2013–15	National Security Advisor Deputy National Security Advisor Deputy National Security Advisor for Iraq and Afghanistan	Jim Jones Thomas E. Donilon Susan Rice Thomas E. Donilon Denis McDonough Tony Blinken Avril Haines Douglas Lute^†	2009–10 2010–13 2013– 2009–10 2010–13 2013–14 2015– 2009–13
White House Deputy Chief of Staff for Operations	Jim Messina Alyssa Mastromonaco Anita Decker Breckenridge	2009–11 2011–14 2014–	Deputy National Security Advisor for Strategic Communications Deputy National Security Advisor for Homeland Security	Ben Rhodes John O. Brennan Lisa Monaco	2009– 2009–13 2013–
White House Deputy Chief of Staff for Planning	Mark B. Childress Kristie Canegallo	2012–14 2014–	Deputy National Security Advisor and NSC Chief of Staff	Denis McDonough Brooke Anderson	2009–10 2011–12
Senior Advisor to the President	David Axelrod David Plouffe Daniel Pfeiffer Shailagh Murray	2009–11 2011–13 2013–15 2015–	White House Communications Director	Anita Dunn Daniel Pfeiffer Jennifer Palmieri Jen Psaki	2009 2009–13 2013–15 2015–
Senior Advisor to the President Counselor to the President	Pete Rouse Brian Deese Pete Rouse John Podesta	2009–10 2015– 2011–13 2014–15	Deputy White House Communications Director	Jen Psaki Jennifer Palmieri Amy Brundage	2009–11 2011–14 2014–15
Senior Advisor to the President and Assistant to the President for Public Engagement and Intergovernmental Affairs Director of Public Engagement Director of Intergovernmental Affairs Director, National Economic Council	Valerie Jarrett Christina Tchen Jon Carson Paulette Aniskoff Cecilia Muñoz David Agnew Jerry Abramson Lawrence Summers Gene Sperling Jeffrey Zients	2009– 2009–11 2011–13 2013– 2009–12 2012–14 2014– 2009–10 2011–14 2014–	White House Press Secretary Deputy Press Secretary Director of Special Projects Director of Speechwriting White House Counsel	Robert Gibbs Jay Carney Josh Earnest Bill Burton Josh Earnest Eric Schultz Stephanie Cutter Jon Favreau Cody Keenan Greg Craig Robert Bauer Kathryn Ruemmler W. Neil Eggleston	2009–11 2011–13 2013– 2009–11 2011–13 2014– 2010–11 2009–13 2013– 2009–10 2010–11 2011–14 2014–
Deputy Director, National Economic Council Deputy Director, National Economic Council Chair of the President's Economic Recovery Advisory Board	Diana Farrell Brian Deese Jason Furman Paul Volcker	2009–11 2011–13 2009–13 2009–11	Assistant to the President for Legislative Affairs	Phil Schiliro Rob Nabors Miguel Rodriguez Katie Beirne Fallon	2009–11 2011–13 2013 2013–
Chair of the Council of Economic Advisors	Christina Romer Austan Goolsbee Jason Furman	2009–10 2010–13 2013–	Deputy Assistant to the President for Legislative Affairs	Lisa Konwinski Amy Rosenbaum	2009– 2014–
Member of the Council of Economic Advisors	Katharine Abraham	2011–	Executive Clerk	George T. Saunders^† David Kalbaugh	2009–12 2012–
Member of the Council of Economic Advisors	Cecilia Rouse	2009–	Director, Office of Political Affairs	Patrick Gaspard David Simas	2009–11 2013–
Director, Office of Management and Budget	Peter R. Orszag Jack Lew Jeffrey Zients Sylvia Mathews Burwell Brian Deese Shaun Donovan	2009–10 2010–12 2012–13 2013–14 2014 2014–	Chief Technology Officer Chief Information Officer	Aneesh Chopra Todd Park Megan Smith Vivek Kundra Steven VanRoekel Tony Scott	2009–12 2012–14 2014– 2009–11 2011–14 2015–
Chief Performance Officer and Deputy Director for Management, Office of Management and Budget	Jeffrey Zients	2009–13	Director, Office of Presidential Personnel	Nancy Hogan Johnathan McBride Valerie Green	2010–14 2014–15 2015–
Deputy Director, Office of Management and Budget	Jeffrey Liebman Heather Higginbottom Brian Deese	2010 2011–13 2013–15	Director of Scheduling and Advance Director, White House Military Office	Alyssa Mastromonaco Danielle White Crutchfield George D. Mulligan, Jr. Emmett Beliveau	2009–11 2011– 2009–13 2013–
United States Trade Representative	Ron Kirk Michael Froman	2009–13 2013–	Cabinet Secretary	Chris Lu Broderick Johnson	2009–13 2013–
Director, Domestic Policy Council	Melody Barnes Cecilia Muñoz	2009–12 2012–	Deputy Cabinet Secretary	Liz Sears Smith Rachana Bhowmik Michael Robertson Gaurab Bansal	2009–11 2011–13 2013–15 2015–
Deputy Director, Domestic Policy Council	Heather Higginbottom Mark Zuckerman	2009–11 2011–	Staff Secretary	Lisa Brown Rajesh De Douglas Kramer Joani Walsh	2009–11 2011–12 2012–13 2014–
Director, Office of Faith-Based and Neighborhood Partnerships	Joshua DuBois Melissa Rogers	2009–2013 2013–	Assistant to the President for Management and Administration	Bradley Kiley Katy Kale Maju Varghese	2009–13 2013–15 2015–
Director, Office of Health Reform	Nancy-Ann DeParle	2009–11	Director, Oval Office Operations	Micaela Fernandez Brian Mosteller	2009–12 2012–
Deputy Director, Office of Health Reform	Jeanne Lambrew	2009–2011	Personal Aide to the President	Reggie Love Marvin Nicholson	2009–11 2011–
Director, Office of Energy and Climate Change Policy	Carol Browner	2009–11	Personal Secretary to the President	Katie Johnson Anita Decker Breckenridge Ferial Govashiri	2009–11 2011–14 2014–
Deputy Assistant to the President for Energy and Climate Change	Heather Zichal Dan Utech	2009–2013 2013–	Special Projects Coordinator and Confidential Assistant to the President	Eugene Kang	2009–11
Director, Council on Environmental Quality	Nancy Sutley Michael Boots	2009–2014 2014–	Director, Office of National AIDS Policy	Jeffrey Crowley Grant Cofax Douglas Brooks	2009–2011 2012–2014 2014–
Chief of Staff to the First Lady	Jackie Norris Susan Sher Christina Tchen	2009 2009–10 2011–	Director, Office of National Drug Control Policy	Gil Kerlikowske Michael Botticelli	2009–14 2014–
White House Social Secretary	Desirée Rogers Julianna Smoot Jeremy Bernard Deesha Dyer	2009–10 2010–11 2011–15 2015–	Director, Office of Urban Affairs	Adolfo Carrión, Jr. Racquel Russell	2009–2010 2010–
Director, Office of Science and Technology Policy	John Holdren	2009–

^*Senate-confirmation pending. †Remained from previous administration (s).

Office of the Vice President

Position	Appointee
Chief of Staff to the Vice President	Steve Ricchetti
Counsel to the Vice President	Cynthia Hogan
Counselor to the Vice President	Mike Donilon
Assistant to the Vice President for Intergovernmental Affairs and Public Liaison	Evan Ryan
Assistant to the Vice President and Director of Communications	Shailagh Murray
Deputy Chief of Staff to the Vice President	Shailagh Murray
Deputy National Security Adviser to the Vice President	Brian McKeon
Residence Manager and Social Secretary for the Vice President and Second Lady	Carlos Elizondo
National Security Adviser to the Vice President	Tony Blinken

Position	Appointee
Chief of Staff to the Second Lady	Catherine M. Russell
Director of Administration for the Office of the Vice President	Moises Vela
Domestic Policy Adviser to the Vice President	Terrell McSweeny
Chief Economist and Economic Policy Adviser to the Vice President	Jared Bernstein
Press Secretary to the Vice President	Elizabeth Alexander
Deputy Press Secretary to the Vice President	Annie Tomasini
Director of Legislative Affairs	Sudafi Henry
Director of Communications for the Second Lady	Courtney O’Donnell

Authority control	WorldCat Identities VIAF: 73965850 ISNI: 0000 0000 3690 9962 SUDOC: 034737545 BNF: cb125460117 (data)

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