President Obama nominated Raskin to serve on the Federal Reserve Board of Governors in 2010. Raskin Served on the Federal Reserve & Was Known for Her Tough Stance on Wall Streetįederal Reserve HistorySarah Bloom Raskin. According to her faculty profile, Raskin is also “a distinguished fellow of Duke Law School’s Global Financial Markets Center, and a senior fellow of the Duke Center on Risk in 2020 after serving as a Rubenstein Fellow at Duke University since 2018.”Ģ. She is a visiting professor at Duke University School of Law. Since leaving government service, Raskin has started teaching. In May 2020, she published an opinion piece in the New York Times criticizing the Federal Reserve for directing money at fossil fuel companies as part of the COVID-19 recovery package. American Banker speculated that Raskin’s outspoken views on climate change could have made her a tougher sell in the Senate. Reuters reported Raskin had been on the shortlist of contenders before President Joe Biden ultimately selected Yellen. Raskin was considered for the top job at the Treasury Department in the Biden administration. Getty Fed Chair Janet Yellen (L), Treasury Secretary Jack Lew (2ndL), Director of the National Economic Council Jeff Zients (2ndR), Deputy Treasury Secretary Sarah Bloom Raskin (C), President Barack Obama (R) and others on Octoin Washington, DC. and global economic growth and recovery,” according to the Stanford Institute for Economic Policy Research.
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During her tenure at Treasury, Raskin “focused on the macroeconomic impact of student loan borrowing, and cybersecurity, as well as drivers that bolster and sustain U.S. Lew praised Raskin in a news release at the time as a “proven and experienced leader who is dedicated to promoting economic prosperity, and enhancing business and consumer confidence.” Raskin was sworn in on April 11, 2014. ( Janet Yellen claimed that title when she was confirmed as President Joe Biden’s Treasury Secretary in 2021). She was the first woman confirmed to the role and at the time, the highest-ranking woman in the department’s history, as the New York Times reported.
Raskin made history in March 2014 when the Senate confirmed her as the Deputy Secretary of the Treasury Department. Getty US Deputy Secretary of the Treasury Sarah Bloom Raskin attends the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting in Beijing on October 22, 2014.
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