Federal Reserve Vice Chair Stanley Fischer, a veteran central banker who helped set the course for modern monetary policy, said on Wednesday he will step down from his position in mid-October, potentially accelerating President Donald Trump’s opportunity to reshape the direction of the central bank. In a letter to Trump, Fischer, 73, said he was…
Stanley Fischer, a former Bank of Israel governor, was confirmed by the U.S. Senate as vice chairman of the Federal Reserve. The confirmation vote on Thursday was 63-24, the Los Angeles Times reported. Fischer, 70, succeeds Janet Yellen, who was elevated to Fed chairwoman in February to follow Ben Bernanke. All three are Jewish. Last…
Armed with an unusual biography and international respect as a leading economist, Stanley Fischer, an Israeli-American dual national, is poised to take his place as vice chairman of the Federal Reserve System, the body that effectively controls America’s money supply. Fischer’s nomination by President Obama is a first of sorts. Up until last year, Fischer…
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…
Former Israeli central bank governor Stanley Fischer has been offered the position of vice chairman of the U.S. Federal Reserve, a source familiar with the matter told Reuters on Wednesday. “He’s been offered the job” the source, who declined to be named, said. The source added that the process would still require approval by the…
Prime Minister Benjamin Netanyahu and his finance minister, Yair Lapid, were pilloried by Israeli media on Sunday for their failure to fill the job of central bank chief and their lack of a proper vetting process, after two candidates withdrew. In what has become front-page news, headlines called the long-running search to replace highly regarded…
Shimon Peres likes to bill his Israeli Presidential Conference, the star-studded international talkfest that he’s convening in Jerusalem this week for the third time (the previous ones were in 2008 and 2009) as a Davos-style gathering of great minds to consider the great issues of the day. And it is that, in part. But like…
Haaretz reports that the Palestinian Authority prime minister, Salam Fayyad, is endorsing the governor of the Bank of Israel, Stanley Fischer, to be the next managing director of the International Monetary Fund. Fayyad says Fischer would make a “great managing director” for the world financial body and that he is a “superb human being.” The…
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