President Barack Obama nominated Raskin to the Federal Reserve Board along with fellow nominees Dr. Raskin also served as chief financial regulator for Maryland. Prior to serving as commissioner, she was a managing director at the Promontory Financial Group. Raskin worked as an associate at Arnold & Porter and as counsel for the Senate Banking Committee. Raskin was honored with an honorary Doctorate of Humane Letters by Muhlenberg College on May 19, 2019. She received her Juris Doctor from Harvard Law School in 1986. Īfter graduating from high school, she went on to Amherst College where she graduated magna cum laude and Phi Beta Kappa with a Bachelor of Arts in economics in 1983, and wrote her undergraduate thesis on monetary policy. Bloom attended Homewood-Flossmoor High School in Flossmoor, Illinois, where she graduated in 1979. Sarah Bloom was born in Medford, Massachusetts, the daughter of Arlene (née Perlis) and Herbert Bloom. She also serves as a Partner at Kaya Partners, Ltd., a climate advisory firm. ![]() She is also a Senior Fellow at the Duke Center on Risk. Brown Distinguished Professor of the Practice of Law at Duke Law School. She was a Rubenstein Fellow at Duke University. She also was Maryland Commissioner of Financial Regulation. Raskin previously served as a member of the Federal Reserve Board of Governors from 2010 to 2014. In 2021, she was mentioned as a potential candidate to lead the Office of the Comptroller of the Currency (OCC).Sarah Bloom Raskin (born April 15, 1961) is an American attorney and financial markets policymaker who served as the 13th United States Deputy Secretary of the Treasury from 2014 to 2017. In November 2020, Bloom Raskin was reported to be under consideration for Secretary of the Treasury in the Biden Administration. It also explored opportunities to harness cyber-data and turn it into a public asset rather than a liability. In particular, she led a research agenda that sought to shape a new relationship between regulation and resilience in financial markets. As a Rubenstein Fellow, she worked closely with the Rethinking Regulation program at Duke's Kenan Institute for Ethics and with the Global Financial Markets Center at Duke Law School to improve the public's understanding of markets and regulation. While serving her term, Raskin had a special focus on the macroeconomic impact of student loan borrowing and cyber security.ĭuring the 2017–18 academic year, Raskin was a Distinguished Visiting Professor at the University of Maryland Francis King Carey School of Law.ĭuring the 2018––20 academic years, Raskin was a Rubenstein Fellow at Duke University. Upon her confirmation as Deputy Secretary she resigned as a Member of the Board of Governors of the Federal Reserve System on March 13, 2014. Upon confirmation, Raskin became the highest-ranked woman in the history of the Treasury Department at that time. She was confirmed to the position on Maby a voice vote. On July 31, 2013, President Barack Obama announced that he would nominate Raskin to the second-in-command position of Deputy Secretary at the United States Department of the Treasury. As a member of the Federal Reserve Board, Raskin gained a reputation as someone focused on consumer protection and income inequality. On October 4, 2010, both were sworn in by Fed Chairman Ben Bernanke. Raskin and Yellen were unanimously confirmed as Federal Reserve Board governors by the United States Senate on September 30, 2010. Janet Yellen, president of the Federal Reserve Bank of San Francisco, and Massachusetts Institute of Technology economics professor Peter A. President Obama nominated Raskin to the Federal Reserve Board along with fellow nominees Dr. Prior to serving as Commissioner, she was a managing director at the Promontory Financial Group. ![]() Raskin worked as an associate at Arnold & Porter and as counsel for the U.S.
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