Obama Picks Fed Board Member For Deputy Treasury Post

Law360, Los Angeles (July 31, 2013, 10:33 PM EDT) -- President Barack Obama will nominate Federal Reserve Board member Sarah Bloom Raskin as deputy secretary of the U.S. Department of the Treasury, the White House said in a statement Wednesday, and if confirmed, she would be the highest-ranking female in the agency's history.

Raskin has served as a governor on the Board of Governors of the Federal Reserve since October 2010. Prior to that position, she was commissioner of financial regulation for the state of Maryland from 2007 to 2010 and managing director of Promontory Financial...
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