Fed Governor Stein Resigns to Return to Teaching at Harvard

Federal Reserve Governor Jeremy Stein, a thought leader on the linkage between monetary policy and financial stability, resigned from his post to return to teaching economics at Harvard University.

Stein, 53, will leave May 28 after two years as a governor, according to a statement by the Fed today in Washington. His return to Harvard, which doesn’t extend leaves beyond two years, creates a vacancy for his term ending Jan. 31, 2018.