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Bank of Israel Raises Interest Rate, First Time Since 2011

The Bank raised the interest rate from 0.1 percent to 0.25 percent as inflation remained within its target of one to three percent.

American-Israeli Professor Appointed Governor of Bank of Israel

Prime Minister Netanyahu has shown a clear preference for American trained economists.

Stanley Fischer Announces Resignation From Federal Reserve

Fischer said he is stepping down for unspecified "personal reasons." His resignation is effective October 13.

Stanley Fischer Confirmed as Fed’s Vice Chairman

Fischer, 70, succeeds Janet Yellen, who was elevated to Fed chairwoman in February to follow Ben Bernanke. All three are Jewish.

Stanley Fischer Confirmed as US Fed’s No. 2

Former Bank of Israel Governor Stanley Fischer has just been confirmed to become the Vice Chairman of the powerful Federal Reserve Board.

Obama Nominates Fischer as Fed Vice Chairman

President Obama nominated Stanley Fischer, the former governor of the Bank of Israel, to be the vice chairman of the Federal Reserve. The Friday nomination...

Obama Plans to Name Stanley Fischer as Vice Chairman of the Fed

The Obama administration is close to announcing that former Israel Bank Governor Stanley Fischer will take over the number two position at the Federal...

Ex-Teva CEO Jeremy Levin Says He Is Staying in Israel – for Now

Jeremy Levin, who moved to Israel last year to take over the helm at Teva Pharmaceuticals only to be fired last month, say he...

Karnit Flug Named as Governor of Bank of Israel

PM Netanyahu and Finance Minister Lapid announced that acting Bank of Israel Governor Karnit Flug will be appointed as the next governor. Flug will be...

Summers, Harvard’s First Jewish President to Replace Bernanke

Lawrence Summers, who was the first Jew to become president of Harvard University, will replace Ben Bernanke to head the Federal reserve, the Japanese...

Shekel-Dollar Rate Sinks Below 3.53

The American dollar’s worldwide weakness helped drive down the shekel-dollar rate to below 3.53 shekels to the dollar Thursday, the lowest level since September...

Fischer: I Don’t Know Everything but Israel Must Do More for Peace

Outgoing Governor of the Bank of Israel Stanley Fischer admitted that he does not understand everything in Israel but after only eight years in...

Stanley Fischer Hospitalized Overnight

Outgoing Governor of the Bank of Israel Stanley Fischer was rushed to a Tel Aviv hospital Tuesday night after complaining of exhaustion, but he...

Prof. Yaakov Frankel to Return as Head of Bank of Israel

The money markets can relax. There is economic growth after Stanley Fischer, who has decided that Israel is not his home. Prof. Yaakov Frenkel, who once headed the Bank of Israel, is returning.

Economist: Fischer Left Scorched Earth, Deep Recession Coming

Fischer's strong shekel is destroying Israel's two main industries—manufacturing and agricultural exports and tourism—which are struggling to compete over global markets.

World Financial Honchos to Attend $30,000 Bye-Bye Bash to Fischer

Former U.S. Secretary of the Treasury Larry Summers will join several other world financial leaders on June 18 for a $30,000 farewell party for...

Dizzy Dollar Dumps the Shekel

The shekel-dollar rate has soared 4 percent in the past two weeks, with the latest jump today (Wednesday) prompted by expectations that the Bank...

Fischer Cuts Interest Rate and Says Bank to Buy 2 Billion Dollars

Bank of Israel Governor Stanley Fischer announced on Monday a surprise cut the prime interest rate as part of his battle to fight the...

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