Gary Stern took office on March 16, 1985, as the eleventh chief executive of the Ninth Federal Reserve Bank of Minneapolis. He is currently serving a full term that began March 1, 2001.
Stern is chairman of the board of directors of the National Council on Economic Education and of the Northwest Area Foundation, and he serves on the board of trustees of Hamline University and of the Minneapolis College of Art and Design. He also serves on the board of the Carlson School of Management at the University of Minnesota, and he is the treasurer of the Minneapolis Club.
Stern was born on Nov. 3, 1944, in San Luis Obispo, California. Stern joined the Federal Reserve Bank of Minneapolis in January 1982 as senior vice president and director of research.
In August 1983, he was given the additional responsibility of serving as the Bank's chief financial officer. Before joining the Minneapolis Bank, Stern was a partner in a New York-based economic consulting firm. He has also served on the faculties of Columbia University, Washington University, and New York University. Stern's previous experience includes seven years at the Federal Reserve Bank of New York, where his last assignment was as manager of the domestic research department.
Stern holds an A.B. in Economics from Washington University, St. Louis, and a Ph.D. in Economics from Rice University, Houston.