source This is good news, though it comes too late to be of much use. Stein is a professor of financial economics and works at the intersection of monetary policy, stock prices, and banking. He's an extremely good choice for the Fed at this juncture and would have been sorely appreciated when the Fed was doing all of its unconventional policy back in 2008-09. I know nothing about Powell. He's not an academic, which might be a net positive given that almost everyone else on the Board is.