Document Type

Lessons Learned

JEL Codes

G01, G29


Michele Davis was assistant secretary for public affairs and director of policy planning under US Treasury Secretary Henry M. Paulson, Jr., from 2006 until January 2009. She had held the same job under Secretary Paul O’Neill from 2001 to 2002. Davis had returned to the Treasury after a stint in the George W. Bush White House, where she was deputy assistant to the president and deputy national security adviser for global communications from 2005 to 2006. Before working in the White House, she had been a senior VP at Fannie Mae. This “Lessons Learned” is based on an interview with Davis in January 2019