The economic recovery which began mid-2009, in the wake of an extreme financial crisis and serious downturn in business activity, has been disappointing along several dimensions, most notably perhaps in terms of overall growth and the pace of job creation. Gary Stern will offer his perspective on the course the economy will likely follow in 2013 and beyond.
Gary Stern was President and Chief Executive Officer of the Federal Reserve Bank of Minneapolis from March 1985 to September 2009. Stern, a native of Wisconsin, joined the Federal Reserve Bank of Minneapolis in January 1982 as senior vice president and director of research. Before joining the Minneapolis Fed, Stern was a partner in a New York-based economic consulting firm. Stern’s prior experience includes seven years at the Federal Reserve Bank of New York.
Stern serves on numerous boards of directors. Stern is co-author of Too Big to Fail: The Hazards of Bank Bailouts, published by the Brookings Institution (2004). Stern is a member of the FDIC’s Systemic Resolution Advisory Committee.
Stern holds an A.B. in Economics from Washington University, St. Louis, and a Ph.D. in Economics from Rice University, Houston. He formerly served as chair of the board of the Northwest Area Foundation, The Minneapolis Club, and Blue Cross Blue Shield of Minnesota. He was also a board member of the Minneapolis College of Art and Design, Hamline University, and ETS. Stern is the recipient of the 2009 Vision Award from CEE and the Distinguished Alumus Award from Washington University’s College of Liberal Arts in 2010.