Skip To Content
Get Our Newsletter
JEWISH. INDEPENDENT. NONPROFIT.

Support the Forward

Funded by readers like you DonateSubscribe
Breaking News

Stanley Fischer Is One Step Closer to Vice Chairman of Federal Reserve

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.

Engage

  • SHARE YOUR FEEDBACK

  • UPCOMING EVENT

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free under an Attribution-Non Commercial-No Derivatives Creative Commons license as long as you follow our republishing guidelines, which require that you credit Foward and retain our pixel. See our full guidelines for more information.

To republish, copy the HTML, which includes our tracking pixel, all paragraph styles and hyperlinks, the author byline, and credit to Foward. Have questions? Please email us at help@forward.com.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.