Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S
Investments / The Ticker

Now accepting applications for Fed Governor

Jeremy Stein steps down after two years

Federal Reserve
/ Print / Reprints /
| Share More
/ Text Size+

After two years of service, Jeremy Stein submitted his resignation as a member of the Board of Governors of the Federal Reserve System.

Stein joined the board on May 30, 2012 and since has served on the Committee of Bank Supervision and Regulation and as a co-chair of the Financial Stability Board’s Official Sector Steering Group on reforming interest-rate benchmarks.

Once he steps down, Stein will return to his teaching position in Harvard University’s department of economics.

“Jeremy has made important contributions and served as an intellectual leader during his time at the Board," said Federal Reserve Chair Janet Yellen.

"His understanding of monetary policy and markets as well as his expertise in banking and financial regulation has proven invaluable in his service to the Federal Reserve and the country. My colleagues and I will miss him," Yellen added. 

Recent Articles by Brena Swanson

Comments powered by Disqus