While Bernanke may be about to leave; none
other than his mentor and thesis adviser – former Bank of Israel
chief Stanley Fischer is rumored to be in line for a new role:
- FISCHER STEPPED DOWN AS BANK OF ISRAEL GOVERNOR IN JUNE
- FISCHER LEADING CANDIDATE TO BE DEPUTY FED CHIEF: ISRAEL CH. 2
- DJ WHITE HOUSE NEAR NOMINATING STANLEY FISCHER TO FED VICE CHAIR
And so the circle
of life is complete. So far, the White House has declined to
comment, but we note Fischer has a reputation for beng
more hawkish than most - evidenced by his refusal to
engage in the kind of dovish activity the rest of the world did
while in charge in Israel and is especially downbeat on
forward guidance.
REPORTS:
Stanley Fischer Is The Leading Candidate To Become The Next Federal
Reserve Vice Chairman
Israel’s Channel 2 is reporting that former
Bank of Israel Governor Stanley Fischer is the leading candidate to
replace Janet Yellen as the vice chairman of the Federal Reserve when
she ascends to the top spot at the central bank in January.Bloomberg
News also reports that Fischer is the frontrunner for the job, citing
a “person familiar,” but says the White House has declined to
comment on the reports.
Fischer
Poised to Be Picked as Fed’s No. 2
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