![]() ![]() In January 2022, Fox Business reported that Republican members of the Senate Banking Committee were apprehensive about the administration’s choice, citing Raskin’s track record of pushing environmentalist causes in her statements and policies. 11 Responses to Federal Reserve Nomination 10 A year later, the Biden administration announced that it had nominated Raskin to re-join the Federal Reserve Board of Governors, this time as vice chair for supervision. In January 2021, Raskin wrote an article for the Financial Times in which she claimed that the Federal Reserve should pressure the private sector to fund environmentalist initiatives and divest from the traditional energy industry. 8 Around the same time, she co-authored an article in Politico that claimed that the Federal Reserve’s policies were contributing to income disparity in American society. ![]() In the lead-up to the 2020 election, Raskin wrote an opinion piece for the New York Times in which she claimed that the fossil fuel industry is “dying” and that the Federal Reserve should avoid implementing any policies that might support it. 6 In March 2021, new reports emerged which claimed that the administration was now considering Raskin for the position of Comptroller of the Currency, the head of the office regulating national banks. In November 2020, the Biden-Harris Transition team first began considering Raskin for a role in the new administration, with media reports suggesting that she was a candidate for the position of Secretary of the Treasury. The following year, she was selected for a fellowship at Duke University. In 2017, Raskin joined the University of Maryland law school as a visiting professor. In 2014, she moved to the Treasury Department, where she served as deputy secretary through the remainder of President Obama’s second term. She held the position until 2010, when President Barack Obama selected her for the Federal Reserve Board of Governors. In 2007, Raskin was appointed to head the financial regulation office of the state of Maryland by Gov. ![]() She was also a legal advisor on banking issues for the United States Senate Committee on Banking, Housing, and Urban Affairs. She has worked for several private law firms, as well as financial institutions such as the WorldWide Retail Exchange and the Promontory Financial Group. Sarah Bloom Raskin attended Harvard Law School. In January 2022, the White House announced that the Biden Administration had selected Raskin to rejoin the Federal Reserve Board of Governors, this time as the vice chair of the committee tasked with supervising the board’s activities. Martin O’Malley (D), where she oversaw the state government’s response to the 2008 financial crash and subsequent economic recession. In addition to her work at the federal level, she was previously the commissioner of financial regulation for the state of Maryland under Gov. She was the deputy secretary of the United States Department of the Treasury in the Obama administration, and has also held a seat on the board of governors of the Federal Reserve. Sarah Bloom Raskin is a lawyer and fiscal policy administrator in Democratic administrations. ![]()
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