Jeremy C. Stein joined the Board of Governors of the Federal Reserve System on May 30, 2012, to fill an unexpired term ending January 31, 2018. He resigned on May 28, 2014.
Stein was born in Chicago. He received his bachelor’s degree in economics from Princeton University (summa cum laude) in 1983 and his doctorate in economics from the Massachusetts Institute of Technology in 1986.
Stein was an assistant professor of finance at the Harvard Business School from 1987 to 1990. He then taught finance at the Massachusetts Institute of Technology’s Sloan School of Management. In 2000, he joined the Harvard faculty.
Before his appointment to the Board of Governors, Stein was the Moise Y. Safra Professor of Economics at Harvard University, where he taught courses in finance in the undergraduate and doctoral programs. From February to July 2009, Stein served in President Barack Obama’s administration as a senior adviser to the Secretary of the Treasury and on the staff of the National Economic Council.
Stein’s research has covered many topics, including behavioral finance and stock-market efficiency, corporate investment and financing decisions, risk management, capital allocation inside firms, banking, financial regulation, and monetary policy. He has served as a co-editor of the Quarterly Journal of Economics, and before that, as a co-editor of the Journal of Economic Perspectives.
Stein is a fellow of the American Academy of Arts and Sciences. Before joining the Board of Governors, he was 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.
Stein is married with three children.
Written by the Board of Governors of the Federal Reserve System. See disclaimer.