Jeremy Stein quits the Federal Reserve


Jeremy Stein, a member of the Federal Reserve board of governors, has handed in his resignation and will leave the central bank in May, the Fed said today.

Stein, who was appointed for six years by President Barack Obama in 2012, plans to return to his teaching position in Harvard University's economics department.

As a Fed governor, Stein has served on the Committee on Bank Supervision and Regulation and as co-chair of the Financial Stability Board's Official Sector Steering Group on reforming

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