![]() 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 March 12, 2014, by 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. Diamond, MIT institute professor of economics. Janet Yellen, president of the Federal Reserve Bank of San Francisco, and Peter A. 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 to a Jewish family in Medford, Massachusetts, the daughter of Arlene (née Perlis) and Herbert Bloom. On March 15, 2022, she withdrew her nomination due to opposition from Republican senators and Democratic senator Joe Manchin. In January 2022, President Joe Biden nominated her to succeed Randal Quarles as vice chair for supervision of the Federal Reserve. ![]() In May 2017, she was elected to the board of directors for Reserve Trust Company, a Fintech company based in Colorado. She is a Rubenstein Fellow at Duke University. She also was Maryland commissioner of financial regulation and a managing director at the Promontory Financial Group. A member of the Democratic Party, Bloom Raskin previously served as a member of the Federal Reserve Board of Governors from 2010 to 2014. Sarah Bloom Raskin (born April 15, 1961) is an American attorney and regulator who served as the 13th United States Deputy Secretary of the Treasury from 2014 to 2017. ![]()
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