Join ACG Minnesota for a presentation by Gary Stern "Too Big To Fail".The potential failure of a large bank presents troubling questions for policymakers. It poses significant risks to other financial institutions, to the financial system as a whole, and possibly to the economic and social order. Hear Gary Stern, former President of the Minneapolis Federal Reserve and co-author of a book titled Too Big to Fail, warn that not enough has been done to reduce the risks of our current policies which may be counterproductive. Gary Stern became the eleventh President of the Federal Reserve Bank of Minneapolis on March 21, 1985, after three years as Senior Vice President and Director of Research.During his tenure as Minneapolis Fed President, Stern was Chairman of the Federal Reserve System’s Financial Services Policy committee and oversaw substantial changes to the Federal Reserve’s role in the nation’s payments system as new technologies dictated greater efficiencies for financial institutions and consumers alike.Along with Minneapolis Fed Senior Vice President Ron Feldman, Stern co-authored Too Big to Fail: The Hazards of Bank Bailouts, published by the Brookings Institution in 2004.Stern retired Sept. 1, 2009, having been the longest-serving Minneapolis Fed President and the second-longest-serving regional President in Fed history. Stern serves on several boards of directors, and continues his long-time involvement with the National Council on Economic Education as a board member.
Tuesday, January 17, 2017 11:30 AM - 1:30 PMCentral Time
Windows on Minnesota80 South Eighth StreetIDS 50th FloorMinneapolis, Minnesota 55402
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