Shenehon Center for Real Estate

Shenehon Center for Real Estate

UST Minnesota Real Estate Hall of Fame

Gary Stern, Ph.D.

2012 Keynote Speaker

Gary Stern, Ph.D.


Gary Stern was president and chief executive officer of the Federal Reserve Bank of Minneapolis from March 1985 to September 2009, having joined the Minneapolis Fed in 1982 as senior vice president and director of research. A native of Wisconsin, Stern was a partner in a New York-based economic consulting firm before working with the Minneapolis Fed. His prior experience includes seven years at the Federal Reserve Bank of New York.

Stern serves on the board of directors of FINRA, the Dolan Company, Ambac Assurance Corporation, the Council for Economic Education (CEE) and the Depository Trust and Clearing Corporation, where he serves as the chair of the Board Risk Committee. Stern is co-author of Too Big to Fail: The Hazards of Bank Bailouts, published by the Brookings Institution (2004), and 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.