Maryland Commissioner of Financial Regulation Sarah Bloom Raskin is in line for a seat on the prestigious Board of Governors of the Federal Reserve Bank, according to reports out of the White House.
The Wall Street Journal reports Friday that Raskin is one of two individuals that the Obama administration is considering for vacancies on the seven member Fed board.
The 48-year-old graduate of Amherst College and Harvard Law is expected to be nominated, assuming that she passes a background check, the paper reported.
The New York Times also got the story, which gave it the appearance of a targeted leak.
Raskin, a lawyer and Takoma Park resident, is married to Democratic State Sen. Jamie Raskin of Montgomery County. Democratic Gov. Martin O'Malley appointed her to the state job in August 28, 2007. Prior to that, she worked at a financial services consulting group, as a U.S. Senate Banking aide, when Maryland Democratic Sen. Paul S. Sarbanes chaired the committee, and as a staffer at the Federal Reserve's regional bank in New York.
"She combines a sensitivity for community and consumer issues, with an appreciation for the private sector, experience in supervision and a hard-headed academic, practical and thoughtful demeanor," her former boss, Eugene A. Ludwig, chief executive of Promontory Financial Group, was quoted as saying. "She's the ideal pick for this role."
Raskin is expected to be nominated with Janet Yellen, president of the Fed Bank of San Francisco, who is Obama's pick for vice chairman of the Federal Reserve Board.
Read her official bio here.