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Board of Governors of the Federal Reserve System
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Federal Reserve Board of Governors

Board Members

Jeremy C. Stein

Image of Governor Jeremy C. Stein

Dr. Jeremy C. Stein took office on May 30, 2012, to fill an unexpired term ending January 31, 2018.

Prior to his appointment to the Board, Dr. Stein was the Moise Y. Safra Professor of Economics at Harvard University, where he taught courses in finance in the undergraduate and Ph.D. programs. From February to July 2009, Dr. Stein served in the Obama administration as a senior adviser to the Secretary of the Treasury and on the staff of the National Economic Council.

Before joining the Harvard faculty in 2000, Dr. Stein taught finance at the Massachusetts Institute of Technology's Sloan School of Management. Prior to joining the MIT faculty, Dr. Stein was an assistant professor of finance at the Harvard Business School from 1987 to 1990.

Dr. 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.

Dr. Stein is a fellow of the American Academy of Arts and Sciences. Before joining the Board, 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.

He was born in October 1960 in Chicago, Illinois. He received his A.B. in economics from Princeton University (summa cum laude) in 1983 and his Ph.D. in economics from the Massachusetts Institute of Technology in 1986.

Dr. Stein is married with 3 children.

Last update: January 3, 2014