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Sarah Bloom Raskin, consumer champion, on Biden’s treasury secretary short list

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21.11.2020

JTA — US President-elect Joe Biden has made his pick for treasury secretary — but he won’t announce it until close to Thanksgiving next week.

That leaves a little more time to scrutinize the short lists that multiple outlets have reported on. Sarah Bloom Raskin, a deputy treasury secretary under President Obama, is on several of them. (The other Jewish woman on Biden’s list is Janet Yellen; read about her here.)

Biden said Thursday that his pick will be “accepted by all elements of the Democratic Party,” from the “progressive to the moderate coalitions.” Based on her policy slant, Raskin would appear to check multiple boxes.

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Here’s what you need to know about her.

She is focused on oversight and consumer protection

Born Sarah Bloom to a Jewish family in Medford, Massachusetts, Raskin earned a bachelor’s from Amherst College and a degree from Harvard Law School. After moving to Maryland with her husband, House Rep. Jamie Raskin, she became the state’s commissioner of financial regulation. In 2010, Obama nominated her to the board of governors of the Federal Reserve, the central banking entity that runs the country’s monetary policy (along with Yellen).

In 2013, Obama named her deputy treasury secretary, the department’s second-highest role, under Secretary Jack Lew, himself an Orthodox Jew (and the highest ranking Orthodox Jew in history at the time). US President........

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