Background
Stein was born to a secular Jewish family, the son of mathematician Elias M. Stein and Elly Intrator.
Stein was born to a secular Jewish family, the son of mathematician Elias M. Stein and Elly Intrator.
In 1986, he earned a Doctor of Philosophy in economics from Massachusetts Institute of Technology
In 1983, he received a Bachelor of Arts in economics summa cum laude from Princeton University where he was co-captain of the men"s gymnastics team, specializing in rings. After serving a one-year internship at Goldman Sachs Group Incorporated., he became an assistant professor of finance at the Harvard Business School from 1987-1990, and finance faculty of Massachusetts Institute of Technology’s Sloan School of Management for ten years after that. rejoined Harvard in 2000. Federal Reserve Board On December 27, 2011, President Barack Obama announced that he planned to nominate to fill one of the two vacancies on the seven-member Federal Reserve Board.
"s nomination was filibustered by Republicans in the United States Senate.
On May 15, 2012, Senate Majority Leader Harry Reid motioned to invoke cloture and break the filibuster on both the nominations of and of Powell. On May 17, 2012, a Senate floor vote was held on "s nomination with a required 60-vote threshold for confirmation.
Senators voted 70-24 to confirm. On April 3, 2014 announced that he would resign his position at the Federal Reserve and return to Harvard by May 28.
After the Federation In addition to the post at Harvard, in March 2015, began working as a consultant for hedge fund BlueMountain Capital.