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Sarah Bloom Raskin
Sarah Bloom Raskin (born April 15, 1961) is an American attorney and financial markets policymaker who served as the 13th United States Deputy Secretary of the Treasury from 2014 to 2017. Raskin previously served as a member of the Federal Reserve Board of Governors from 2010 to 2014. She also was Maryland Commissioner of Financial Regulation. She was a Rubenstein Fellow at Duke University. She is currently the Colin W. Brown Distinguished Professor of the Practice of Law at Duke Law School. She is also a Senior Fellow at the Duke Center on Risk. She also serves as a Partner at Kaya Partners, Ltd., a climate advisory firm. Early life and education Sarah Bloom was born in Medford, Massachusetts, the daughter of Arlene (née Perlis) and Herbert Bloom. Bloom attended Homewood-Flossmoor High School in Flossmoor, Illinois, where she graduated in 1979. After graduating from high school, she went on to Amherst College where she graduated ''magna cum laude'' and Phi Beta Kappa with a ...
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United States Deputy Secretary Of The Treasury
The deputy secretary of the treasury of the United States advises and assists the Secretary of the Treasury in the supervision and direction of the Department of the Treasury and its activities, and succeeds the Secretary in the secretary's absence, sickness, or unavailability. The Deputy Secretary plays a primary role in the formulation and execution of Treasury policies and programs in all aspects of the Department's activities. In addition, the Deputy Secretary is the only official other than the secretary who can sign a Treasury order, which is a document that delegates authority residing in the secretary or Deputy Secretary to another Treasury official, establishes Treasury policy, and establishes the reporting relationships and supervision of officials. Former deputy secretaries include Roger Altman, Lawrence Summers, Stuart E. Eizenstat, Kenneth W. Dam, and Samuel Bodman. The office of Deputy Secretary is the successor of the "Under Secretary of the Treasury", the fo ...
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Homewood-Flossmoor High School
Homewood-Flossmoor High School (H-F) is a comprehensive public high school in Flossmoor, Illinois, a suburb of Chicago. The school serves an area of nearly , drawing students from Homewood, Flossmoor, and parts of Chicago Heights, Glenwood, Hazel Crest, and Olympia Fields. Demographics 2022-2023 Race/Ethnicity *Black - 72.1% *White - 13.4% *Hispanic - 9.1% *Multiracial - 4.6% *Asian - 0.6% Campus The campus is spread out and consists of two main buildings: the North and South Buildings. The South Building contains a number of sub-buildings each assigned a letter, and includes the school's radio station ( WHFH) 88.5 FM Flossmoor, television station VTV, a swimming pool, gymnasium, science building, and performing arts center. The North Building has three floors and includes the school's fieldhouse. Both buildings contain a cafeteria. An ice rink is also located on the campus, owned by the local park district. In 2014, H-F took part in a multimillion-dollar ($26,070,000 ...
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Janet Yellen
Janet Louise Yellen (born August 13, 1946) is an American economist who served as the 78th United States secretary of the treasury from 2021 to 2025. She also served as chair of the Federal Reserve from 2014 to 2018. She was the first woman to hold either position, and has also led the White House Council of Economic Advisers. Yellen is the Eugene E. and Catherine M. Trefethen Professor of Business Administration and Economics at the University of California, Berkeley. Born and raised in Bay Ridge, Brooklyn, Yellen graduated from Brown University in 1967 and earned a Doctor of Philosophy, Ph.D. in economics from Yale University in 1971. She taught as an assistant professor at Harvard University from 1971 to 1976, was a staff economist for the Federal Reserve Board from 1977 to 1978, and was a faculty member at the London School of Economics from 1978 to 1980. Yellen is professor emeritus at the Haas School of Business at the University of California, Berkeley, where she has been ...
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Federal Reserve Board
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States. Governors are appointed by the president of the United States and confirmed by the Senate for staggered 14-year terms.See It is headquartered in the Eccles Building on Constitution Avenue, N.W. in Washington, D.C. Statutory description By law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country". As stipulated in the Banking Act of 1935, the chair and vice chair of the Board are two of seven members of the Board of Governors who are appointed by the president from among the sitting governors of the Federal Reserve Banks. The terms of the seven members of the Board span multiple presidential ...
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Maryland
Maryland ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic region of the United States. It borders the states of Virginia to its south, West Virginia to its west, Pennsylvania to its north, and Delaware to its east, as well as with the Atlantic Ocean to its east, and the national capital and federal district of Washington, D.C. to the southwest. With a total area of , Maryland is the List of U.S. states and territories by area, ninth-smallest state by land area, and its population of 6,177,224 ranks it the List of U.S. states and territories by population, 18th-most populous state and the List of states and territories of the United States by population density, fifth-most densely populated. Maryland's capital city is Annapolis, Maryland, Annapolis, and the state's most populous city is Baltimore. Maryland's coastline was first explored by Europeans in the 16th century. Prior to that, it was inhabited by several Native Americans in the United States ...
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Promontory Financial Group
Promontory Financial Group, a wholly owned subsidiary of IBM (through their Consulting arm), is a global consulting firm that advises clients on a variety of financial services matters, including regulatory issues, compliance, risk management, liquidity, restructuring, acquisitions, due diligence, internal investigations and cyber security. Organization The company was founded in 2001 by Eugene Ludwig, who served as Comptroller of the Currency under President Bill Clinton, and Alfred H. Moses, a partner in the law firm Covington & Burling LLP. Promontory is based in Washington, D.C. and has 18 additional offices and affiliates worldwide, in Atlanta, Beijing, Brussels, Denver, Dubai, Dublin, Hong Kong, Istanbul, London, Madrid, Milan, New York City, Paris, San Francisco, Singapore, Sydney, Tokyo, and Toronto. IBM announced its planned acquisition of Promontory in September 2016 and completed the transaction in November 2016. Ludwig retired as CEO on February 28, 2021, p ...
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Senate Banking Committee
The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency), also known as the Senate Banking Committee, has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development, mass transit, and government contracts. The current chair of the committee is Republican Tim Scott of South Carolina, and the Ranking Member is Democrat Elizabeth Warren of Massachusetts. History The committee is one of twenty standing committees in the United States Senate. The committee was formally established as the "Committee on Banking and Currency" in 1913, when Senator Robert L. Owen of Oklahoma sponsored the Federal Reserve Act. Senator Owen served as the committee's inaugural chairman. Jurisdiction In accordance ...
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Arnold & Porter
Arnold & Porter Kaye Scholer LLP, doing business as Arnold & Porter, is an American multinational law firm. It is a white-shoe firm and among the largest law firms in the world, both by revenue and by number of lawyers. Arnold & Porter was founded in 1946 by Thurman Arnold and Abe Fortas, and was originally known as Arnold & Fortas. Paul Porter joined the firm a year later, completing the trio. In 2024, Arnold & Porter reported a 5% increase in revenue, reaching $1.19 billion. Profits per equity partner rose to $1.63 million, and revenue per lawyer increased by 6.5% to $1.24 million. History The original firm was founded as Arnold & Fortas in 1946 by New Deal veterans Thurman Arnold, a former Yale Law School professor and U.S. Court of Appeals judge on the D.C. Circuit, and Abe Fortas, another former Yale Law School professor who later became a Supreme Court Justice. In 1947, Paul A. Porter, a former chairman of the Federal Communications Commission, joined the firm and ...
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Muhlenberg College
Muhlenberg College is a private liberal arts college in Allentown, Pennsylvania, United States. Founded in 1848, Muhlenberg College is affiliated with the Evangelical Lutheran Church in America and is named for Henry Muhlenberg, the German patriarch of Lutheranism in the United States. History 19th century Muhlenberg College was founded in 1848 in Allentown, Pennsylvania, as the Allentown Seminary by Samuel K. Brobst, a Reformed Lutheran minister. Christian Rudolph Kessler was the school's first teacher and administrator. The college operated as the Allentown Seminary from 1848 to 1864, as the Allentown Collegiate and Military Institute from 1864 to 1867, and briefly as the Allentown Collegiate Institute in 1867. In 1867, the college moved into Trout Hall, the former mansion of William Allen's son, James Allen, and was renamed Muhlenberg College in honor of Henry Muhlenberg, the patriarch of the Lutheran church in the United States. From 1867 to 1876, Muhlenberg's great- ...
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Harvard Law School
Harvard Law School (HLS) is the law school of Harvard University, a Private university, private research university in Cambridge, Massachusetts. Founded in 1817, Harvard Law School is the oldest law school in continuous operation in the United States. Each class in the three-year Juris Doctor, JD program has approximately 560 students, which is among the largest of the top 150 ranked law schools in the United States. The first-year class is broken into seven sections of approximately 80 students, who take most first-year classes together. Aside from the JD program, Harvard also awards both Master of Laws, LLM and Doctor of Juridical Science, SJD degrees. HLS is home to the world's largest academic law library. The school has an estimated 115 full-time faculty members. According to Harvard Law's 2020 American Bar Association, ABA-required disclosures, 99% of 2019 graduates passed the bar exam.Rubino, Kathryn"Bar Passage Rates For First-time Test Takers Soars!" February 19, 2020. ...
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Monetary Policy
Monetary policy is the policy adopted by the monetary authority of a nation to affect monetary and other financial conditions to accomplish broader objectives like high employment and price stability (normally interpreted as a low and stable rate of inflation). Further purposes of a monetary policy may be to contribute to economic stability or to maintain predictable exchange rates with other currencies. Today most central banks in developed countries conduct their monetary policy within an inflation targeting framework, whereas the monetary policies of most developing countries' central banks target some kind of a fixed exchange rate system. A third monetary policy strategy, targeting the money supply, was widely followed during the 1980s, but has diminished in popularity since then, though it is still the official strategy in a number of emerging economies. The tools of monetary policy vary from central bank to central bank, depending on the country's stage of development, inst ...
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Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ...
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