Daniel K. Tarullo (born November 1952) is an American law professor who served as a member of the

Federal Reserve Board of Governors 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 mo ...

from 2009 to 2017. Tarullo concurrently served as the chairman of the

Federal Financial Institutions Examination Council The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is "empowered to prescribe uniform principles, standards, and report forms to promote uniformity ...

(FFIEC). In February 2017, he announced his intention to resign from the Board of Governors in early April 2017. He also teaches at

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 ...

, specializing in international economic regulation, banking law, and administrative law.

Early life

Tarullo was born in

Boston Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...

Massachusetts Massachusetts ( ; ), officially the Commonwealth of Massachusetts, is a U.S. state, state in the New England region of the Northeastern United States. It borders the Atlantic Ocean and the Gulf of Maine to its east, Connecticut and Rhode ...

, and graduated from the prestigious Roxbury Latin School in 1969. He received a B.A. from Georgetown University in 1973 and an M.A. at

Duke University Duke University is a Private university, private research university in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present-day city of Trinity, North Carolina, Trinity in 1838, the school moved to Durham in 1 ...

in 1974. He graduated summa cum laude in 1977 from the

University of Michigan Law School The University of Michigan Law School (branded as Michigan Law) is the law school of the University of Michigan, a public research university in Ann Arbor, Michigan. Founded in 1859, the school offers Master of Laws (LLM), Master of Comparati ...

, where was an editor in the

Michigan Law Review The ''Michigan Law Review'' is an American law review and the flagship law journal of the University of Michigan Law School. History The ''Michigan Law Review'' was established in 1902, after Gustavus Ohlinger, a student in the Law Department ...

Career

Tarullo worked in the Antitrust Division of the

U.S. Department of Justice The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the U.S. government that oversees the domestic enforcement of federal laws and the administration of justice. It is equi ...

and as Special Assistant to the Undersecretary of Commerce. He taught at

early in his career, having been denied tenure in a then unusual move by Harvard leadership. He later served as Chief Counsel for Employment Policy on the staff of Senator Edward M. Kennedy and practiced law in Washington, D.C. He served in the Clinton Administration as Deputy Assistant to the President for Economic Policy and later as Assistant to the President for International Economic Policy where he was responsible for coordinating the international economic policy of the administration. He was a member of the National Economic Council and the

National Security Council A national security council (NSC) is usually an executive branch governmental body responsible for coordinating policy on national security issues and advising chief executives on matters related to national security. An NSC is often headed by a n ...

. He was also

Assistant Secretary of State for Economic and Business Affairs The Assistant Secretary of State for Economic and Business Affairs is an office in the United States Department of State responsible for managing the Bureau of Economic and Business Affairs. It was known as the Assistant Secretary of State for Ec ...

from 1993 to 1996. Tarullo served as a senior fellow at the

Council on Foreign Relations The Council on Foreign Relations (CFR) is an American think tank focused on Foreign policy of the United States, U.S. foreign policy and international relations. Founded in 1921, it is an independent and nonpartisan 501(c)(3) nonprofit organi ...

and as a senior fellow at the

Center for American Progress The Center for American Progress (CAP) is a public policy think tank, research and advocacy organization which presents a Modern liberalism in the United States, liberal viewpoint on Economic policy, economic and social issues. CAP is headquarter ...

. During 2005 he was the chair the Economic Security group of the Princeton Project on National Security. Shortly after he took office, President

Barack Obama Barack Hussein Obama II (born August 4, 1961) is an American politician who was the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, he was the first African American president in American history. O ...

nominated Tarullo to the

Board of Governors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations ...

of the Federal Reserve. He took office on January 28, 2009, to fill an unexpired term ending January 31, 2022. On January 3, 2014, Daniel Tarullo administered the oath of office to

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 h ...

, as

Chairman of the Federal Reserve The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Board of Governors of the Federal Reserve System. The chairman presides at meetings of the Board. ...

, as she took office, replacing

Ben Bernanke Ben Shalom Bernanke ( ; born December 13, 1953) is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Federal Reserve, he was appointed a distinguished fellow at the Brookings Insti ...

, who joined the

Brookings Institution The Brookings Institution, often stylized as Brookings, is an American think tank that conducts research and education in the social sciences, primarily in economics (and tax policy), metropolitan policy, governance, foreign policy, global econo ...

, as a distinguished fellow in residence.

Articles and editorial work

Editorial

*Runs the bi-monthly World Economic Update, a forum sponsored by the

for debate on the United States and global economies among leading economists. *Serves on the editorial advisory board of The International Economy and the Advisory Committee of

Transparency International Transparency International e.V. (TI) is a German registered association founded in 1993 by former employees of the World Bank. Based in Berlin, its nonprofit and non-governmental purpose is to take action to combat global corruption with civil s ...

Articles

*"Reforming the World Bank and IMF", August 2, 2007 *"Laboring for Trade Deals: Trade Agreements and Labor Rights", March 28, 2007 *"The Case for Reviving the Doha Trade Round", January 8, 2007

References

External links

Statements and Speeches of Daniel K. Tarullo
* {{DEFAULTSORT:Tarullo, Daniel 1952 births American people of Italian descent Businesspeople from Boston Clinton administration personnel Duke University alumni Federal Reserve System governors Georgetown University alumni Harvard Law School faculty Living people Roxbury Latin School alumni United States assistant secretaries of state University of Michigan Law School alumni Obama administration personnel First Trump administration personnel