Salam Fayyad (Arabic: سلام فياض; b. 1952 Deir al-Ghusun) is a Palestinian politician and the current Prime Minister of the Palestinian National Authority after being reappointed on 19 May 2009. His first appointment, on 15 June 2007, was justified by President Mahmoud Abbas on the basis of "national emergency", has not been confirmed by the Palestinian Legislative Council, Palestine's parliament. Fayyad has also been the finance minister from 17 March 2007 and previously held the post from June 2002 to November 2006.
Fayyad is an internationally respected economist and politician. Salam Fayyad received his MBA from St. Edward's University in 1980. Fayyad has a PhD in economics from the University of Texas at Austin, where he was a student of William Barnett and did early research on the American Divisia Monetary Aggregates, which he continued on the staff of the Federal Reserve Bank of St. Louis. Fayyad began his career teaching economics at Yarmouk University in Jordan, before joining the World Bank from 1987 – 1995. He subsequently became the International Monetary Fund representative to the Palestinian National Authority until 2001, when he accepted the offer to become its finance minister.
Upon resigning as finance minister, Fayyad ran as founder and leader of the new Third Way party in the legislative elections of 2006 alongside Hanan Ashrawi and Yasser Abd Rabbo. Fayyad and Ashrawi won their seats.