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. 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. Janet Yellen, president of the Federal Reserve Bank of San Francisco, and Massachusetts Institute of Technology economics professor Peter A. President Obama nominated Raskin to the Federal Reserve Board along with fellow nominees Dr. Raskin was also 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 U.S. Raskin was honored with an honorary Doctorate of Humane Letters by Muhlenberg College on May 19, 2019. in economics in 1983, and wrote her undergraduate thesis on monetary policy. Īfter graduating from high school, she went on to Amherst College where she graduated magna cum laude and Phi Beta Kappa with a B.A. 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.
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