BREAKING NEWS

Report: Former BoI governor Fischer leading candidate for US Federal Reserve vice-chair

By JPOST.COM STAFF

DECEMBER 11, 2013 20:29

Former Bank of Israel governor Stanley Fischer is the leading candidate for vice chairman of the US Federal Reserve under chairwoman Janet Yellen, Channel 2 reported on Wednesday.

According to the report, there are other candidates for the position, but Fischer is known to be the leading candidate.

US President Barack Obama has been informed of Fischer's candidacy, the report added.

Fischer stepped down as Bank of Israel governor on June 30 after eight years on the job, two years before the end of his second five-year term.

A former chief economist at the World Bank and MIT professor, Fischer, 70, is widely credited with guiding Israel’s economy steadily through difficult waters.

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