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Bankrate senior financial analyst Greg McBride explained Raskin’s credentials in a 2010 interview for The Baltimore Sun: “In the aftermath of the financial crisis, there’s been greater scrutiny of the Fed’s role as a regulator - what should they have caught earlier, what missteps can be avoided in the future,” McBride told the newspaper. Raskin attracted Obama’s attention for the Federal Reserve because of her record of defending consumers’ rights during the recession. The rule was designed to “protect bank customers by preventing banks from making certain types of speculative investments that contributed to the 2008 financial crisis,” according to Investopedia. As Reuters reported, Raskin promoted “strict enforcement” of the Volcker Rule, which was part of the Dodd–Frank Wall Street Reform and Consumer Protection Act. Raskin was known for taking a tougher stance on Wall Street. Raskin resigned on March 13, 2014, a few weeks before starting at the Treasury Department. She was sworn in on October 4, 2010, according to Federal Reserve History. President Obama nominated Raskin to serve on the Federal Reserve Board of Governors in 2010. Raskin Served on the Federal Reserve & Was Known for Her Tough Stance on Wall Streetįederal Reserve HistorySarah Bloom Raskin. According to her faculty profile, Raskin is also “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.”Ģ. She is a visiting professor at Duke University School of Law. Since leaving government service, Raskin has started teaching. In May 2020, she published an opinion piece in the New York Times criticizing the Federal Reserve for directing money at fossil fuel companies as part of the COVID-19 recovery package. American Banker speculated that Raskin’s outspoken views on climate change could have made her a tougher sell in the Senate. Reuters reported Raskin had been on the shortlist of contenders before President Joe Biden ultimately selected Yellen. Raskin was considered for the top job at the Treasury Department in the Biden administration. Getty Fed Chair Janet Yellen (L), Treasury Secretary Jack Lew (2ndL), Director of the National Economic Council Jeff Zients (2ndR), Deputy Treasury Secretary Sarah Bloom Raskin (C), President Barack Obama (R) and others on Octoin Washington, DC.
and global economic growth and recovery,” according to the Stanford Institute for Economic Policy Research.
JAMIE RASKIN HEIGHT DRIVERS
During her tenure at Treasury, Raskin “focused on the macroeconomic impact of student loan borrowing, and cybersecurity, as well as drivers that bolster and sustain U.S. Lew praised Raskin in a news release at the time as a “proven and experienced leader who is dedicated to promoting economic prosperity, and enhancing business and consumer confidence.” Raskin was sworn in on April 11, 2014. ( Janet Yellen claimed that title when she was confirmed as President Joe Biden’s Treasury Secretary in 2021). She was the first woman confirmed to the role and at the time, the highest-ranking woman in the department’s history, as the New York Times reported. Raskin made history in March 2014 when the Senate confirmed her as the Deputy Secretary of the Treasury Department.
Check out his Wiki, Age, Family, Facts, and More.Getty US Deputy Secretary of the Treasury Sarah Bloom Raskin attends the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting in Beijing on October 22, 2014. His dashing looks, unique outfits, and debonair personality are worth noticing. He always lооkѕ fоr opportunities tо convert ideas іn action, along with his brand of creativity іntо еvеrу important Life, аnd develop strategies fоr innovation. He is a man with a proactive approach and has painted the canvas of his dream with the colors of his consistent and persistent efforts. Nevertheless, he is an individual of modesty and humbleness. His accomplishments and achievements have made him a role model to look up to for hundreds of followers out there. He gained lots of popularity in his life. He was a constitutional law professor at American University for 25 years. representative for Maryland’s 8th congressional district since 2017. He is mainly known as Jamie but his complete name is Jamin Ben Raskin. Jamie Raskin is a politician from the United States.