The first woman to lead as U.S. Treasury Deputy Secretary
In short: In 2014, Sarah Bloom Raskin shattered historical barriers by attaining a position as the Treasury Department's most senior female official until that point. Her career spans the front lines of global finance, from managing systemic risks during the Great Recession to pioneering cybersecurity standards for the world's largest economies.
Raskin’s ascent to the role of second-in-command at the U.S. Department of the Treasury was marked by a focus on shared prosperity and financial resilience. During her tenure from 2014 to 2017, she championed consumer safeguards and worked to fortify critical infrastructure against sophisticated threats. Notably, she played a key role in establishing international cybersecurity frameworks for the financial sector with the G-7 nations, aiming to protect global markets from increasingly frequent digital attacks.
Before her time at the Treasury, Raskin served as a governor of the Federal Reserve Board starting in 2010. In this capacity, she was tasked with conducting national monetary policy and promoting stability. She gained a reputation for prioritizing issues like income inequality and consumer protection. Her experience also includes serving as Maryland's chief financial regulator from 2007 to 2010, where she oversaw the state's financial institutions during the peak of the Great Recession.
Currently, Raskin bridges the gap between high-level policy and academia as a Distinguished Professor of the Practice of Law at Duke University. Her contemporary work explores the intersection of regulation and resilience, specifically focusing on how fiscal and monetary policies can adapt to systemic risks like climate events and cyber breaches. She also serves as a partner at a climate advisory firm, contributing to research on managing economic transitions in a warming world.
Her background is rooted in rigorous academic preparation, including a Bachelor of Arts in economics from Amherst College—where she wrote her thesis on monetary policy—and a Juris Doctor from Harvard Law School. This blend of legal expertise and economic theory informs her current role on the Regenerative Crisis Response Committee, where she advises on policies for a climate-transitioned economy.
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Sources
- Summary by Intellect · source: Sarah Bloom Raskin
- Also: Sarah Bloom Raskin
- Also: provost.duke.edu — Sarah Bloom Raskin | Office of the Provost
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