Stanley Fischer Stepping Down: Who Will Trump Nominate to the Fed to Fill the Israeli High Government Official Seat?


From the New York Times:

Stanley Fischer, Fed’s No. 2 Official, Is Stepping Down

By BINYAMIN APPELBAUM SEPT. 6, 2017

WASHINGTON — Stanley Fischer, the vice chairman of the Federal Reserve, said Wednesday that he would resign in mid-October, an unexpected decision that gives President Trump greater leverage over central bank policy.

Mr. Fischer, 73, cited “personal reasons” in a brief letter addressed to Mr. Trump. His four-year term was to have ended next June. …

Mr. Fischer spent two decades as a professor at the Massachusetts Institute of Technology, where his students included Mario Draghi, now president of the European Central Bank, and Ben S. Bernanke, Ms. Yellen’s predecessor as Fed chief.

Then, in the late 1980s, he embarked on a second career in public service, first as chief economist at the World Bank, then as a senior official at the International Monetary Fund and as governor of the Bank of Israel.

Fed vice-chairman Stanley Fischer became an Israeli citizen in 2005 to become head of the state Bank of Israel upon appointment by prime minister Ariel Sharon upon the recommendation of Finance Minister Bibi Netanyahu.

But it’s not like Ariel and Bibi were nationalists or anything, so that’s okay.

[Comment at Unz.com]