Sarah Bloom Raskin
|Sarah Bloom Raskin|
|Board of Governors of the Federal Reserve System|
October 4, 2010
|Nominated by||Barack Obama|
|Maryland Commissioner of Financial Regulation|
2007 – October 4, 2010
April 15, 1961
|Alma mater||Amherst College (B.A.)
Harvard Law School(J.D.)
Sarah Bloom Raskin (Born April 15,1961) is an American attorney and regulator, who is currently a member of the Board of Governors of the Federal Reserve System. Previously, she served as Maryland Commissioner of Financial Regulation.
Early life and education
Raskin was born Sarah Bloom in Medford, Massachusetts, the daughter of Arlene (née Perlis) and Herbert Bloom. She holds a J.D. degree from Harvard Law School and a B.A. in economics from Amherst College, where she wrote her undergraduate thesis on monetary policy.
Raskin was nominated to the Federal Reserve Board by President Barack Obama, along with fellow nominees Dr. Janet Yellen, president of the Federal Reserve Bank of San Francisco, nominated to be the board's vice chairman, and Massachusetts Institute of Technology economics professor Peter A. Diamond.
Raskin and Yellen were unanimously confirmed as a Federal Reserve Board governor by the United States Senate on September 30, 2010. On October 4, 2010, both were sworn in by Fed Chairman Ben Bernanke.
Raskin previously worked as an associate at Arnold & Porter and as counsel for the U.S. Senate Banking Committee. Prior to serving as Commissioner, she was a Managing Director at the Promontory Financial Group.
On July 31, 2013, President Barack Obama announced that he would nominate Raskin to the second-in-command position of Deputy Secretary at the Department of Treasury.
- Reddy, Sudeep (April 29, 2010), "Obama Nominates Yellen, Raskin, Diamond to Fed Board", Wall Street Journal.
- Business news in brief Two confirmed to Fed board; BP updates safety practices; earnings reports KansasCity.com, September 29, 2010 (October 9, 2010)
- Fed Press Release federalreserve.gov, October 4, 2010 (October 9, 2010)
- Ylan Q. Mui, Wash. Post, Fed’s Raskin is chosen for deputy Treasury secretary, July 31, 2013.