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 ...

Massachusetts Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut assachusett writing systems, məhswatʃəwiːsət'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England ...

, 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

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

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 The United States Department of State (DOS), or State Department, is an executive department of the U.S. federal governme ...

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

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