Phillip Swagel served as an economist at both the Federal Reserve and the US Treasury during the 2008 financial crisis, where he helped design TARP and sat on the investment committee that decided which banks received bailout funds.

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Dr. Swagel holds a PhD in economics from Harvard University and previously served as an economist at both the Federal Reserve and the US Treasury during the 2008 financial crisis, where he helped design TARP and sat on the investment committee that decided which banks received bailout funds.

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CBO Director Warns Debt Will Surpass WWII Levels, Interest Rates To Spike | Phillip SwagelDavid Lin
Created: 8/12/2026, 6:33:54 PM

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