Gary H. Stern
Gary H. Stern | |
|---|---|
| Born | November 3, 1944 San Luis Obispo, California, U.S. |
| Occupation(s) | Economist, banking professional |
| Years active | 1970s–2009 |
| Known for | President of the Federal Reserve Bank of Minneapolis (1985–2009) |
Gary Hilton Stern (born November 3, 1944) is a distinguished American economist and banking professional. He held the position of the eleventh president at the Federal Reserve Bank of Minneapolis from March 16, 1985, until he retired on September 1, 2009.
Life and career
Originating from San Luis Obispo, California, Stern completed his undergraduate studies with an A.B. degree in economics at Washington University in St. Louis. He further pursued a Ph.D. in economics at Rice University located in Houston.
Stern began his tenure at the Federal Reserve Bank of Minneapolis in January 1982 as senior vice president and director of research. In August 1983, he took on additional responsibilities as chief financial officer. Before joining Minneapolis, he was a partner at an economic consulting firm based in New York and held academic appointments at Columbia University, Washington University, and New York University. His earlier career also includes seven years at the Federal Reserve Bank of New York, where he ultimately served as manager of the domestic research division.
Throughout his career, Stern has occupied prominent leadership positions such as chairman of the board for both the National Council on Economic Education and the Northwest Area Foundation. He contributes to governance boards at Hamline University, the Minneapolis College of Art and Design, and the Carlson School of Management within the University of Minnesota. Furthermore, he fulfills the role of treasurer for the Minneapolis Club.
In 2004, Stern co-wrote Too Big to Fail – The Hazards of Bank Bailouts alongside Ron J. Feldman, which includes a foreword by Paul A. Volcker.
See also
External links
- Minneapolis Fed biography
- Federal Reserve Bank biography
- Biography at the Federal Reserve System website
- Gary Stern on Too Big to Fail – EconTalk interview by Russ Roberts, October 5, 2009
- Statements and speeches of Gary H. Stern