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 mon ...
from 2009 to 2017.
Tarullo concurrently served as the chairman of the
Federal Financial Institutions Examination Council (FFIEC). In February 2017, he announced his intention to resign from the Board of Governors in early April 2017.
He also taught at
Harvard Law School
Harvard Law School (Harvard Law or HLS) is the law school of Harvard University, a private research university in Cambridge, Massachusetts. Founded in 1817, it is the oldest continuously operating law school in the United States.
Each class ...
, specialized in international economic regulation, banking law, and administrative law.
Early life
Tarullo was born in
Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...
,
, and graduated from the prestigious
Roxbury Latin School
The Roxbury Latin School is a private boys' day school that was founded in 1645 in the town of Roxbury (now a neighborhood of Boston, Massachusetts) by the Rev. John Eliot under a charter received from King Charles I of England. It bills ...
in 1969. He received a B.A. from Georgetown University in 1973 and an M.A. at
Duke University
Duke University is a private research university in Durham, North Carolina. Founded by Methodists and Quakers in the present-day city of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco and electric power industrialist James ...
in 1974. He graduated summa cum laude in 1977 from the
University of Michigan Law School
The University of Michigan Law School (Michigan Law) is the law school of the University of Michigan, a Public university, public research university in Ann Arbor, Michigan. Founded in 1859, the school offers Master of Laws (LLM), Master of C ...
.
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 United States government tasked with the enforcement of federal law and administration of justice in the United State ...
and as Special Assistant to the Undersecretary of Commerce. He taught at
Harvard Law School
Harvard Law School (Harvard Law or HLS) is the law school of Harvard University, a private research university in Cambridge, Massachusetts. Founded in 1817, it is the oldest continuously operating law school in the United States.
Each class ...
early in his career and 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 na ...
. He was also
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
A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, mi ...
and as a senior fellow at the
Center for American Progress
The Center for American Progress (CAP) is a public policy research and advocacy organization which presents a liberal viewpoint on economic and social issues. It has its headquarters in Washington, D.C.
The president and chief executive officer ...
. During 2005 he was the chair the Economic Security group of the
Princeton Project
The Princeton Project on National Security is a multi-year, bipartisan initiative to develop a sustainable and effective national security strategy for the United States of America. Under the stewardship of honorary co-chairs George P. Shultz and A ...
on National Security.
Shortly after he took office, President
Barack Obama
Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the U ...
nominated Tarullo to the
Board of Governors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organi ...
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 serving as the 78th United States secretary of the treasury since January 26, 2021. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018. Yellen is t ...
, 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 Federal Reserve Board of Governors, Board of Governors of the Federal Reserve System. The chair shal ...
, 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 Fed, he was appointed a distinguished fellow at the Brookings Institution. Durin ...
, who joined the Brookings Institution
The Brookings Institution, often stylized as simply Brookings, is an American research group founded in 1916. Located on Think Tank Row in Washington, D.C., the organization conducts research and education in the social sciences, primarily in ec ...
, as a distinguished fellow in residence.
Articles and editorial work
Editorial
*Runs the bi-monthly World Economic Update, a forum sponsored by the Council on Foreign Relations
The Council on Foreign Relations (CFR) is an American think tank
A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, mi ...
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 ...
.
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 politicians 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
Trump administration personnel