Sarah Bloom Raskin

Sarah Bloom Raskin has served both as the as the Deputy Secretary of the U.S. Department of the Treasury and as a Governor of the Federal Reserve Board. She currently is a Professor of the Practice at the Duke Law School, a Distinguished Fellow at the Duke Global Financial Markets Center, and a Senior Fellow at the Duke Center of Risk.

As the second-in-command of the United States Treasury, Deputy Secretary Raskin oversaw the entire Treasury Department and its various agencies and departments. Immediately prior to her confirmation as Deputy Secretary, Raskin served as a Governor of the Federal Reserve Board where she helped conduct the nation’s monetary policy and promote financial stability.

Before joining the Federal Reserve Board, Raskin served as the Commissioner of Financial Regulation for the State of Maryland. As Commissioner, she and her agency were responsible for regulating Maryland’s financial institutions, including all state-chartered depository institutions, banks, credit unions, mortgage lenders, mortgage servicers, and trust companies, among others.

Within the United States and throughout the international community, Raskin was a champion of cybersecurity in the financial sector, helping to elevate this critical issue to C-suites and boardrooms. Her efforts, including leading the development of the G-7 Fundamental Elements of Cybersecurity for the Financial Sector, contributed to a more secure and resilient financial sector in the face of increasingly frequent and sophisticated threats.

She is also a leading voice in understanding climate change as it pertains to the financial sector. She recently appeared at the Green Swan Conference, in which she gave a keynote speech called “Climate Change and the Precautionary Imperative”. She was chosen to be a member of the Regenerative Crisis Response Committee, the work of which is described in “These Economic All-Stars Want to Crack the Climate Code” (E&E News, May 21, 2021).

Raskin has been recognized by several organizations for her public service and has engaged with the media and myriad audiences to discuss fiscal, economic, monetary policy, climate risk, and national security issues. She has spoken for organizations and events including the National Consumer Law Center, Women in Homeland Security, the New America Foundation, the Levy Economics Institute, the National Association of Business Economics, the Private Equity Growth Capital Council, the Ditchley Foundation, the Society of Government Economists, the Mid-Winter Housing Finance Conference, the National Community Reinvestment Coalition, NeighborWorks America, several community banking groups, and numerous institutions of higher learning, among many others. Raskin received her B.A. in economics from Amherst College, and she received her J.D. from Harvard Law School. She is married to U.S. Congressman Jamie Raskin (D-MD 8th District).