Jeremy C. Stein
| Jeremy C. Stein | |
|---|---|
| Born | 1960 (age 56–57) |
| Residence | Boston |
| Education | B.A. Princeton University PhD Massachusetts Institute of Technology |
| Occupation | professor |
| Known for | member of Board of Governors of the Federal Reserve System. |
| Children | three |
| Parent(s) | Elly Intrator Elias M. Stein |
| Academic career | |
| Doctoral advisor |
Oliver Hart |
| Information at IDEAS / RePEc | |
Jeremy C. Stein (born 1960) is the Moise Y. Safra Professor of Economics at Harvard University and investment industry consultant, a former president of the American Finance Association, and a former member of the Board of Governors of the Federal Reserve System.
Stein was born to a secular Jewish family, the son of mathematician Elias M. Stein and Elly Intrator. Both his parents were Jewish refugees during World War II who immigrated to the United States. In 1983, he received a B.A. in economics summa cum laude from Princeton University where he was co-captain of the men's gymnastics team, specializing in rings. In 1986, he earned a PhD in economics from M.I.T..
After serving a one-year internship at Goldman Sachs Group Inc., he became an assistant professor of finance at the Harvard Business School from 1987-1990, and finance faculty of M.I.T.’s Sloan School of Management for ten years after that. Stein rejoined Harvard in 2000.
Stein received the Fama-DFA Prize, which an annual prize given to authors with the best capital markets and asset pricing research papers published in the Journal of Financial Economics for 2002.
He designed quantitative asset-management strategies for Guggenheim Partners from 2005 to 2007, was also a senior adviser to the Treasury secretary and was on the staff at the National Economic Council in 2009.
On December 27, 2011, President Barack Obama announced that he planned to nominate Stein to fill one of the two vacancies on the seven-member Federal Reserve Board. Stein's nomination was filibustered by Republicans in the United States Senate. On May 15, 2012, Senate Majority Leader Harry Reid motioned to invoke cloture and break the filibuster on both the nominations of Stein and of Powell. On May 17, 2012, a Senate floor vote was held on Stein's nomination with a required 60-vote threshold for confirmation. Senators voted 70-24 to confirm Stein.
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