Bank of Israel Governor Stan Fischer Mulls IMF Run

The Wall Street Journal reports that Stanley Fischer, governor of the Bank of Israel,

The currrent reports don’t spell it out, but part of the U.S. objection to Fischer is his left-leaning outlook, which he shares with Socialist party stalwart Strauss-Kahn. He was named IMF deputy chief at the beginning of the Clinton administration, when the Robert Reich left faction was still in charge, before Robert Rubin became top dog after the 1994 elections. After that Fischer was unpopular in D.C. The African group nominated him in 2000 as a friend of the working man. As a kid in Zambia and Zimbabwe he was a member of Habonim and made aliya to kibbutz after high school, departing pursue a career as an economist when he unexpectedly got accepted to London School of Economics. He’s close to Shimon Peres and his post-industrial, high-finance New Socialism.

Stephanie Flanders at BBC reports from the IMF conference in Rio that the Lagarde candidacy is leaving a lot of insiders cold:

And so many are fantasizing about an outsider, and Fischer is a favorite fantasy:

Written by

J.J. Goldberg

J.J. Goldberg

Jonathan Jeremy “J.J.” Goldberg is editor-at-large of the Forward, where he served as editor in chief for seven years (2000-2007).

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Bank of Israel Governor Stan Fischer Mulls IMF Run

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