Daniel K. Tarullo (born November 1952) is a former member of the Board of Governors of the United StatesFederal Reserve Board since January 28, 2009, in which capacity he served as the chairman of the Federal Financial Institutions Examination Council (FFIEC). In February 2017, Tarullo announced his intention to resign from the Board of Governors in early April 2017.
He is also a professor at Harvard Law School. He specializes in international economic regulation, banking law, and administrative law.
Tarullo was born in Boston, Massachusetts, and graduated from the prestigious Roxbury Latin School in 1969. He received a B.A. from Georgetown University in 1973 and an M.A. at Duke University in 1974. He graduated summa cum laude in 1977 from the University of Michigan Law School.
Tarullo worked in the Antitrust Division of the U.S. Department of Justice and as Special Assistant to the Undersecretary of Commerce. He taught at Harvard Law School 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. He was also Assistant Secretary of State for Economic and Business Affairs from 1993 to 1996.
Tarullo served as a senior fellow at the Council on Foreign Relations and as a senior fellow at the Center for American Progress. During 2005 he was the chair the Economic Security group of the Princeton Project on National Security.
Shortly after he took office, President Barack Obama nominated Tarullo to the Board of Governors 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, as Chairman of the Federal Reserve, as she took office, replacing Ben Bernanke, who joined the Brookings Institution, as a distinguished fellow in residence.