avatar for Sarah Bloom Raskin

Sarah Bloom Raskin

U.S. Dept of Treasury
Former Deputy Secretary

Sarah Bloom Raskin, the former deputy secretary of the U.S. Department of the Treasury, became a visiting professor of the practice of law, a distinguished fellow of Duke Law School’s Global Financial Markets Center, and a senior fellow of the Duke Center on Risk in 2020 after serving as a Rubenstein Fellow at Duke University since 2018.

As the second-in-command at Treasury, Raskin oversaw the various agencies of the entire Department and promoted innovative policy solutions to advance prosperity, fairness and resiliency throughout the American economy.

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.

Prior to her service at Treasury, Raskin was a governor of the Federal Reserve Board from 2010 to 2014. At the Federal Reserve, she conducted the nation’s monetary policy as a member of the Federal Open Market Committee, 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.

Raskin served as the Commissioner of Financial Regulation for the State of Maryland from 2007 to 2010. As commissioner, she galvanized her agency to mitigate the effects of the financial crisis on Maryland’s people and its community financial institutions.

At Treasury, the Federal Reserve and in Maryland, Raskin 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.

Raskin serves on the board of directors of the Vanguard Group Inc and the Vanguard Funds; serves on the advisory board of Promontory, an IBM company; serves on the advisory board of the Student Borrower Protection Center; and is a trustee of Amherst College. 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.

As a Rubenstein Fellow at Duke University, Raskin worked closely with the Global Financial Markets Center and Duke’s Kenan Institute for Ethics to improve the public’s understanding of markets and regulation. Much of her work as a Rubenstein Fellow is described in the website “Bounceback: Building a Resilient American Economy.” She also mentored and advised undergraduate and graduate students on careers in the public sector, guest-lectured in courses across the university, and led collaborative research projects, including 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” that explored the pathways and articulation of harm from consumer data breaches.

Raskin received her BA in economics from Amherst College, and she received her JD from Harvard Law School.

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