Difference between revisions of "Sarah Bloom Raskin"

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|birth_date=April 15, 1961
 
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|constitutes=lawyer
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|religion= Jewish
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|constitutes=lawyer, central banker
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|description=Member of the Board of Governors of the [[Federal Reserve System]] and a former [[United States Deputy Secretary of the Treasury]].
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|spouses=Jamie Raskin
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|alma_mater=Amherst College, Harvard Law School
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|birth_name=Sarah Bloom
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|birth_place=Medford, Massachusetts, U.S.
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|nationality=American
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|parents=Arlene Perlis Bloom, Herbert Bloom
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|keywiki=http://www.keywiki.org/Sarah_Bloom_Raskin
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|employment={{job
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|title=United States Deputy Secretary of the Treasury
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|start=March 19, 2014
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|end=January 20, 2017
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}}{{job
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|title=Governor of the Federal Reserve System
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|start=October 4,2010
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|end=March 13, 2014
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}}{{job
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|title=Maryland Commissioner of Financial Regulation
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|start=2007
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|end=October 4, 2010
 
}}
 
}}
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'''Sarah Bloom Raskin''' is an American [[Attorneys in the United States|attorney]] and [[Regulatory agency|regulator]], who was formerly a member of the [[Federal Reserve Board of Governors|Board of Governors]] of the [[Federal Reserve System]] and a former [[United States Deputy Secretary of the Treasury]]. Previously, she served as Maryland Commissioner of Financial Regulation (in a state with [[Delaware|lax financial practices]]) and as a managing director at the [[Promontory Financial Group]].<ref>https://www.washingtonpost.com/politics/sarah-bloom-raskin/gIQAJPvNKP_print.html </ref> She is a Rubenstein Fellow at [[Duke University]].
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== Background ==
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Sarah Bloom was born to a [[American Jews|Jewish]] family in [[Medford, Massachusetts]], the daughter of Arlene (née Perlis) and Herbert Bloom.<ref>https://books.google.com/books?id=4vLNkPFGO_UC&q=Sarah+Bloom+Raskin+1961</ref><ref>https://www.haaretz.com/us-news/jewish-insider-s-daily-kickoff-april-13-2018-1.5995201 </ref><ref>http://www.westportnow.com/index.php?/v3/obitjump/herbert_bloom_87/</ref> Bloom attended [[Homewood-Flossmoor High School]] in [[Flossmoor, Illinois]], where she graduated in 1979.<ref name="Reddy WSJ"/>
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After 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|B.A.]] in [[economics]] in 1983, and wrote her undergraduate thesis on [[monetary policy]]. She received her [[Juris Doctor|J.D.]] from [[Harvard Law School]] in 1986. Raskin was honored with an honorary Doctorate of Humane Letters by [[Muhlenberg College]] on May 19, 2019.<ref>https://m.muhlenberg.edu/visitors/social/detail?feed=facebook&id=138308188259_10157062495633260</ref>
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==Government career==
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Raskin worked as an associate at [[Arnold & Porter]] and as counsel for the U.S. Senate Banking Committee.<ref>https://www.nytimes.com/2010/03/13/business/economy/13fed.html</ref> Prior to serving as Commissioner, she was a managing director at the [[Promontory Financial Group]]. Raskin was also chief financial regulator for [[Maryland]].<ref name=No2/>
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President [[Barack Obama|Obama]] nominated Raskin to the [[Federal Reserve Board]] along with fellow nominees [[Janet Yellen|Dr. Janet Yellen]], president of the [[Federal Reserve Bank of San Francisco]], and [[Massachusetts Institute of Technology]] economics [[professor]] [[Peter A. Diamond]].<ref name="Reddy WSJ">https://www.wsj.com/articles/SB10001424052748704302304575213850582215096 </ref> Raskin and Yellen were unanimously confirmed as Federal Reserve Board governors by the [[United States Senate]] on September 30, 2010.<ref>[http://www.kansascity.com/2010/09/29/2262487/in-brief-two-confirmed-to-fed.html Business news in brief Two confirmed to Fed board; BP updates safety practices; earnings reports] KansasCity.com, September 29, 2010 (October 9, 2010)</ref>  On October 4, 2010, both were sworn in by [[Chairman of the Federal Reserve|Fed Chairman]] [[Ben Bernanke]].<ref>[http://www.federalreserve.gov/newsevents/press/other/20101004a.htm Fed Press Release] federalreserve.gov, October 4, 2010 (October 9, 2010)</ref><ref name=No2/>
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On July 31, 2013, President Barack Obama announced that he would nominate Raskin to the second-in-command position of [[United States Deputy Secretary of the Treasury|Deputy Secretary]] at the [[United States Department of the Treasury]].<ref>[https://web.archive.org/web/20131216154423/http://articles.washingtonpost.com/2013-07-31/business/40918085_1_consumer-issues-economic-growth-central-bank Ylan Q. Mui, ''Wash. Post'', Fed’s Raskin is chosen for deputy Treasury secretary], July 31, 2013.</ref><ref>http://www.periodicalpress.senate.gov/|publisher=United States Senate</ref><ref name=No2>https://www.washingtonpost.com/blogs/wonkblog/wp/2014/03/12/senate-confirms-fed-governor-for-no-2-post-at-treasury/</ref> Raskin was sworn in on March 19, 2014.<ref name=SwearingIn>http://www.treasury.gov/press-center/news/Pages/Sarah-Bloom-Raskin-Sworn-in-as-Deputy-Secretary.aspx}</ref> 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.<ref name=LeavingPost>http://www.federalreserve.gov/aboutthefed/bios/board/boardmembership.htm|work=Appointive Members</ref> While serving her term, Raskin had a special focus on the macroeconomic impact of student loan borrowing and cyber security.
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== Post-government career ==
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During the 2017–18 academic year, Raskin was a Distinguished Visiting Professor at the [[University of Maryland Francis King Carey School of Law]].
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During the 2018–19 and 2019–20 academic years, Raskin was a Rubenstein Fellow at [[Duke University]].
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In November 2020, Bloom Raskin was reported to be under consideration for [[United States Secretary of the Treasury|Secretary of the Treasury]] in the [[Biden Administration]].<ref>https://www.forbes.com/sites/erinspencer1/2020/11/16/meet-the-women-being-considered-for-treasury-secretary</ref> In 2021, she was mentioned as a potential candidate to lead the [[Office of the Comptroller of the Currency]] (OCC).<ref>https://www.americanbanker.com/news/three-new-candidates-emerge-to-head-occ</ref>
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Latest revision as of 19:45, 1 October 2022

Person.png Sarah Bloom Raskin   KeywikiRdf-entity.pngRdf-icon.png
(lawyer, central banker)
Sarah Bloom Raskin.jpg
BornSarah Bloom
April 15, 1961
Medford, Massachusetts, U.S.
NationalityAmerican
Alma materAmherst College, Harvard Law School
ReligionJewish
Parents • Arlene Perlis Bloom
• Herbert Bloom
SpouseJamie Raskin
Member of the Board of Governors of the Federal Reserve System and a former United States Deputy Secretary of the Treasury.

Employment.png United States Deputy Secretary of the Treasury

In office
March 19, 2014 - January 20, 2017
Preceded byMary J. Miller

Employment.png Governor of the Federal Reserve System

In office
October 4, 2010 - March 13, 2014

Sarah Bloom Raskin is an American attorney and regulator, who was formerly a member of the Board of Governors of the Federal Reserve System and a former United States Deputy Secretary of the Treasury. Previously, she served as Maryland Commissioner of Financial Regulation (in a state with lax financial practices) and as a managing director at the Promontory Financial Group.[1] She is a Rubenstein Fellow at Duke University.

Background

Sarah Bloom was born to a Jewish family in Medford, Massachusetts, the daughter of Arlene (née Perlis) and Herbert Bloom.[2][3][4] Bloom attended Homewood-Flossmoor High School in Flossmoor, Illinois, where she graduated in 1979.[5]

After graduating from high school, she went on to Amherst College where she graduated magna cum laude and Phi Beta Kappa with a B.A. in economics in 1983, and wrote her undergraduate thesis on monetary policy. She received her J.D. from Harvard Law School in 1986. Raskin was honored with an honorary Doctorate of Humane Letters by Muhlenberg College on May 19, 2019.[6]

Government career

Raskin worked as an associate at Arnold & Porter and as counsel for the U.S. Senate Banking Committee.[7] Prior to serving as Commissioner, she was a managing director at the Promontory Financial Group. Raskin was also chief financial regulator for Maryland.[8]

President Obama nominated Raskin to the Federal Reserve Board along with fellow nominees Dr. Janet Yellen, president of the Federal Reserve Bank of San Francisco, and Massachusetts Institute of Technology economics professor Peter A. Diamond.[5] Raskin and Yellen were unanimously confirmed as Federal Reserve Board governors by the United States Senate on September 30, 2010.[9] On October 4, 2010, both were sworn in by Fed Chairman Ben Bernanke.[10][8]

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.[11][12][8] Raskin was sworn in on March 19, 2014.[13] 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.[14] While serving her term, Raskin had a special focus on the macroeconomic impact of student loan borrowing and cyber security.

Post-government career

During the 2017–18 academic year, Raskin was a Distinguished Visiting Professor at the University of Maryland Francis King Carey School of Law. During the 2018–19 and 2019–20 academic years, Raskin was a Rubenstein Fellow at Duke University.

In November 2020, Bloom Raskin was reported to be under consideration for Secretary of the Treasury in the Biden Administration.[15] In 2021, she was mentioned as a potential candidate to lead the Office of the Comptroller of the Currency (OCC).[16]


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References

  1. ↑ https://www.washingtonpost.com/politics/sarah-bloom-raskin/gIQAJPvNKP_print.html
  2. ↑ https://books.google.com/books?id=4vLNkPFGO_UC&q=Sarah+Bloom+Raskin+1961
  3. ↑ https://www.haaretz.com/us-news/jewish-insider-s-daily-kickoff-april-13-2018-1.5995201
  4. ↑ http://www.westportnow.com/index.php?/v3/obitjump/herbert_bloom_87/
  5. ↑ a b https://www.wsj.com/articles/SB10001424052748704302304575213850582215096
  6. ↑ https://m.muhlenberg.edu/visitors/social/detail?feed=facebook&id=138308188259_10157062495633260
  7. ↑ https://www.nytimes.com/2010/03/13/business/economy/13fed.html
  8. ↑ a b c https://www.washingtonpost.com/blogs/wonkblog/wp/2014/03/12/senate-confirms-fed-governor-for-no-2-post-at-treasury/
  9. ↑ Business news in brief Two confirmed to Fed board; BP updates safety practices; earnings reports KansasCity.com, September 29, 2010 (October 9, 2010)
  10. ↑ Fed Press Release federalreserve.gov, October 4, 2010 (October 9, 2010)
  11. ↑ Ylan Q. Mui, Wash. Post, Fed’s Raskin is chosen for deputy Treasury secretary, July 31, 2013.
  12. ↑ http://www.periodicalpress.senate.gov/%7Cpublisher=United States Senate
  13. ↑ http://www.treasury.gov/press-center/news/Pages/Sarah-Bloom-Raskin-Sworn-in-as-Deputy-Secretary.aspx}
  14. ↑ http://www.federalreserve.gov/aboutthefed/bios/board/boardmembership.htm%7Cwork=Appointive Members
  15. ↑ https://www.forbes.com/sites/erinspencer1/2020/11/16/meet-the-women-being-considered-for-treasury-secretary
  16. ↑ https://www.americanbanker.com/news/three-new-candidates-emerge-to-head-occ
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