Stanley Fischer Is One Step Closer to Vice Chairman of Federal Reserve
Image by Getty Images
Stanley Fischer, the former governor of the Bank of Israel, is a step closer to becoming vice chairman of the Federal Reserve.
The Senate Banking Committee on Tuesday voted unanimously to approve President Obama’s nomination of Fischer. His confirmation by the full Senate is expected late next month, according to reports.
Fischer stepped down in January 2013 after eight years leading the Bank of Israel, two years before his second five-year term was due to expire. He is credited with sheltering the Israeli economy through the global financial crisis of 2007-08; the Israeli economy grew during each of the eight years that Fischer served as the country’s chief banker.
Born in what is now Zambia, Fischer became an American citizen in 1976 and an Israeli citizen nine years ago.
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse..
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
— Rachel Fishman Feddersen, Publisher and CEO
