When Sarah Bloom Raskin was named Deputy Secretary of the U.S. Treasury Department by President Barack Obama, she made history as “the highest-ranking woman in the history of the Treasury Department” (New York Times). As the second-in-command at Treasury, Sarah oversaw the various agencies of the entire Department and promoted innovative policy solutions to advance prosperity, fairness and resiliency throughout the American economy.

 

Prior to her service at Treasury, Sarah was a Governor of the Federal Reserve Board from 2010 to 2014.  At the Fed, she conducted the nation’s monetary policy as a member of the Federal Open Market Committee, directly regulated banks, monitored threats to the nation's financial stability, and oversaw the nation’s payments systems. She infused her service with a strong public perspective, emphatically incorporating the values of strong consumer protection, broad economic justice, diversity and inclusion, and public service excellence. 

 

Sarah’s common-woman-and-common-man philosophy of economic policy was shaped at the state and local level, where she served as Maryland’s Commissioner of Financial Regulation from 2007 to 2009, the period of the mortgage foreclosure crisis. As Commissioner, she galvanized her agency to mitigate the effects of the financial crisis on Maryland’s people and its community financial institutions. 

 

Sarah is currently a Rubenstein Fellow at Duke, where she has taught and led a Bass Connections team on cybersecurity which produced the website and booklet “Cybersecurity for American Families:  A Ten Step Data Security Guide for the People You Love.” At Duke, she has lectured and led discussions, seminars and classes across the university including at the Law School, Sanford School of Public Policy, Kenan Institute for Ethics, the Global Financial Markets Center, Duke Center on Risk, and Fuqua.  She also has been a Visitor at the Stanford Graduate School of Business’s Corporations and Society Initiative and a Distinguished Visiting Professor at the University of Maryland’s Cary School of Law where she developed and taught a seminar called “Law and Financial Anxiety.” She chairs the board of directors of i(x) Investments, LLC, a social impact investing firm;  serves on the board of directors of the Vanguard Group Inc and the Vanguard Funds;  serves on the advisory board of Promontory, and IBM company;  serves on the advisory board of the Student Borrower Protection Center; is a trustee of Amherst College; and is a trustee of the Folger Shakespeare Library. She is a CNBC regular commentator and her perspectives on the economy and finance can be heard frequently on TV, radio, and podcasts. She has received numerous honors and recognition for her public service. 

 

Sarah received her B.A. in economics from Amherst College, where she received the James Nelson Award in Economics. She received her J.D. from Harvard Law School. She is married to Maryland Congressman Jamie Raskin and they have three grown children.

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