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Former BoI governor Fischer sworn in as US Fed vice chair

ByREUTERS
June 16, 2014 17:56

WASHINGTON - Former Bank of Israel governor Stanley Fischer was sworn in as vice chair of the US Federal Reserve and Lael Brainard took the oath of office to join the central bank's board of governors, the Fed announced on Monday.

Current Fed board member Jerome Powell was sworn in to a new 14-year term.

The three were confirmed by the Senate last week. Brainard, a former top Treasury official, and Fischer, a noted academic and former Bank of Israel governor, will participate in their first Fed policy meeting on Tuesday and Wednesday.

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