Gary H. Stern Quotes

United States, Economist
November 3, 1944

Gary Hilton Stern is an American economist and banker. On March 16, 1985, he took office as the eleventh chief executive of the Federal Reserve Bank of Minneapolis, and retired from the position on September 1, 2009.

RE: GSEs like Freddie Mac & Fannie Mae: "creditors will continue to underprice the risk-taking of these financial institutions, overfund them, and fail to provide effective market discipline Facing prices that are too low, systemically important firms will take on too much risk."

Gary H. Stern