The Hon. Sarah Bloom Raskin ’83 was appointed to the Board of Trustees in 2017. She is the former Deputy Secretary of the U.S. Department of the Treasury. Making history as the highest-ranking woman in the history of the Treasury Department, Raskin was appointed by President Obama and confirmed by the U.S. Senate on March 12, 2014. As the department’s second-in-command, she was responsible for all the domestic and global policy and operations at Treasury and its bureaus, including the Bureau of Engraving and Printing, the United States Mint, the Internal Revenue Service, and the Comptroller of the Currency, as well as the main policy-making arms at Treasury including what are referred to as Domestic Finance, International Affairs, Tax Policy, Economic Analysis, and Terrorism and Financial Intelligence. As Deputy Secretary, Raskin chaired the Committee on Foreign Investment in the United States. She was also vice chair of the Millennium Challenge Corp. and was ex officio to the board of directors of the National Gallery of Art.
Prior to her confirmation as Deputy Secretary, Raskin served as a Governor of the Federal Reserve Board. For this position, she was appointed by President Obama and confirmed by the U.S. Senate on Sept. 30, 2010. As a Governor of the Federal Reserve Board, Raskin conducted the nation’s monetary policy as a member of the Federal Open Market Committee, regulated banking institutions, monitored threats to financial stability and oversaw the nation’s payment systems. In addition, she chaired the Committee on Federal Reserve Board Affairs as the board’s Administrative Governor and chaired the Board of Neighborworks, Inc.