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December 21, 2014 / 29 Kislev, 5775
 
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Stanley Fischer Confirmed as US Fed’s No. 2

Fischer served as the Governor of the Bank of Israel from May 2005 until June 2013.
Then-Bank of Israel Governor Stanley Fischer submits 2011 report to PM Binyamin Netanyahu

Then-Bank of Israel Governor Stanley Fischer submits 2011 report to PM Binyamin Netanyahu
Photo Credit: Amos Ben Gershom/GPO / Flash90

Former Bank of Israel Governor Stanley Fischer is back in the United States.

Fischer has just been confirmed by the U.S. Senate Banking Committee to become the Vice Chairman of the powerful Federal Reserve Board, serving as the Fed’s number 2 after Fed Chairwoman Janet Yellen.

The unanimous vote came Tuesday along with approvals for the appointment of Under Secretary of the Treasury for International Affairs, Lael Brainard, and Fed Governor Jerome Powell, for another term.

Fischer served as the Governor of the Bank of Israel from May 2005 until June 2013.

He came to Israel from his position as Vice Chairman of Citigroup, and President of Citigroup International.

Fischer also served as First Deputy Managing Director of the International Monetary Fund, and Vice President, Development Economics and Chief Economist at the World Bank.

He was born in Zambia in 1943, received his Bachelor of Science degree in Economics at the London School of Economics and his PhD in economics at MIT.  Fischer held various positions as a professor, including one as a visiting professor at the Hebrew University in Jerusalem.

About the Author: Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for Babble.com, Chabad.org and other media outlets, in addition to her years working in broadcast journalism.


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2 Responses to “Stanley Fischer Confirmed as US Fed’s No. 2”

  1. Good move for the US

  2. Marcus Dean says:

    He won’t last long. He’ll try and balance the budget or try and cut spending and that’s something our current government doesn’t know how to do

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