One Of The Fed's Big 'Financial Stability Hawks' Just Announced His Resignation

Jeremy SteinREUTERS/Kevin LamarqueFederal Reserve Board of Governors member Jeremy Stein listens during an open board meeting at the Federal Reserve in Washington December 14, 2012.

This is interesting.

Jeremy Stein — one of the big advocates on the Fed board that the Fed should prevent bubbles and pursue financial stability — is resigning.

Here’s his resignation letter.

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