Maryland’s financial regulator nominated for Fed job
Sarah Bloom Raskin is one of three tapped to join the Federal Reserve Board
"She really has a ground-level, grass-roots perspective," Ryan said. "We need a Fed that's not just focused on Wall Street."
"They gave short shrift to consumer regulatory issues," he said.
Raskin had been rumored for weeks to be a leading candidate for the Fed board. Her husband said she kept her own counsel about it, "so I've been reading the newspapers like everybody else, trying to figure out what's going on."
"It's very exciting," he said. "She's been urging me since law school to read one of her textbooks on macroeconomics, so now I'm going to have to do it."
Raskin said his wife applies her passion for economics to home as well as work. She's a voracious coupon-clipper and price-comparison shopper. And she put their three children — ages 13 to 17 — on a strict allowance system that would make a monetary policy theorist proud.
"She has some complicated formulas about how much each kid should get," her husband said.
Sarah Bloom Raskin
: Maryland's commissioner of financial regulation, 2007 to present
: Managing director at Promontory Financial Group; general counsel at Worldwide Retail Exchange and Columbia Energy Services Corp.; banking counsel to the U.S. Senate Committee on Banking, Housing and Urban Affairs
: Graduated from Amherst College in 1983 and from Harvard Law School in 1986
: Husband, Jamie Raskin, a state senator; daughters Hannah, 17, and Tabitha, 13; and son, Tommy, 15