At a Glance
- Career History: Professor of law at Georgetown University Law Center (1999 to 2009); Assistant Secretary of State for Economic and Business Affairs, Deputy Assistant to the President for Economic Policy, and Assistant to the President for International Economic Policy (1993-1998)
- Birthday: November 1952
- Hometown: Boston, Mass.
- Alma Mater: University of Michigan, A.B. in 1973; Duke University, M.A. in 1974; J.D. from Georgetown University in 1977
- Web site
Path to Power
Tarullo went to college at the University of Michigan, earning a bachelor's of arts in 1973. He went to Duke University next, earning a master's, then moved to Georgetown University for law school, obtaining a degree in 1977.
After stints as a practicing lawyer in Washington, D.C., and as a law professor at Harvard University, Tarullo joined Sen. Edward M. Kennedy's (D-Mass.) staff as chief counsel from 1987 to 1989. During that time, Tarullo also served as an economic adviser to failed 1988 presidential candidate and Massachusetts Gov. Michael Dukakis (D). While helping Dukakis, Tarullo worked closely with Obama's National Economic Council head, Lawrence Summers, and Robert Reich, Labor secretary during the Clinton administration.
Along with the nomination of Mary L. Schapiro to head the Securities and Exchange Commission and Gary Gensler to preside over the Commodity Futures Trading Commission, Tarullo was announced as Obama's first pick to fill a Fed board position.
"The Federal Reserve's monetary policy function will continue to be critical in navigating us through these trying economic times," said Obama when announcing Tarullo. Obama added, "His [Tarullo's] academic and policy work on financial regulation has anticipated some of the problems we have observed, and he has generated important ideas for how we should move forward."
Tarullo worked on the Michael Dukakis campaign with Obama's National Economic Council head Lawrence Summers and former Clinton Labor Secretary Robert Reich. He also worked as an adviser to Clinton while Summers worked at the Treasury.
John Podesta is the president of the Center for American Progress, where Tarullo worked as a non-resident senior fellow.