Today, the Systemic Risk Council announced that Jeremy Stein, Chairman of the Department of Economics at Harvard University and former member of the Board of Governors of the Federal Reserve System, has become a member.
Welcoming the appointment, SRC Chair Paul Tucker said “I am absolutely delighted that Jeremy Stein is joining the Systemic Risk Council. A front rank economist, seasoned policymaker, committed to maintaining financial stability, Jeremy enriches our ranks as we strive to keep the authorities focused on doing more to avoid financial crises and instability.”
Notes for Editors:
Jeremy C. Stein is the Moise Y. Safra Professor of Economics and Chairman of the Department of Economics at Harvard University. From May 2012 to May 2014, he was a member of the Board of Governors of the Federal Reserve System. Stein is a fellow of the American Academy of Arts and Sciences, a research associate at the National Bureau of Economic Research, and a member of the Federal Reserve Bank of New York’s Financial Advisory Roundtable. In 2008, he was president of the American Finance Association. In 2009, he served as a senior advisor to the Treasury Secretary and on the staff of the National Economic Council. Before moving to Harvard in 2000, Stein was on the finance faculty of M.I.T.’s Sloan School of Management for ten years, most recently as the J.C. Penney Professor of Management. Prior to that, he was an assistant professor of finance at the Harvard Business School from 1987-1990. He received his AB in economics summa cum laude from Princeton University in 1983 and his PhD in economics from M.I.T. in 1986.