Gary H. Stern

Education

Ph.D., economics, Rice University

Summary of Experience

Dr. Stern, an expert in the areas of bank regulation, monetary policy, and macroeconomics, has over 40 years of experience in economics and banking. Dr. Stern served as the President and Chief Executive Officer of the Federal Reserve Bank of Minneapolis for 24 years. During this tenure, he was chairman of the Federal Reserve System's Financial Services Policy Committee and oversaw substantial changes to the Federal Reserve's role in the nation's payments system. Earlier in his career, he spent seven years at the Federal Reserve Bank of New York. He has also held faculty positions at Columbia University, New York University, and Washington University in St. Louis, among others. Currently, Dr. Stern serves as a board member of S&P Ratings; E*TRADE Financial Corporation; Ambac Assurance Corporation; the Council for Economic Education (CEE), where he is former president of the board; Hamline University; and the Depository Trust and Clearing Corporation, where he is Lead Director and Chair of the Board Risk Committee. He also is a member of the Federal Deposit Insurance Corporation's (FDIC's) Systemic Resolution Advisory Committee. Dr. Stern has been widely published and quoted, and along with Minneapolis Fed Senior Vice President Ron Feldman, he is the coauthor of Too Big to Fail: The Hazards of Bank Bailouts.