Stanley Fischer, the former governor of the Bank of Israel, will be nominated by US president Barack Obama to succeed Janet Yellen as vice-chair of the Federal Reserve Board, the White House said in a statement.
Obama will also nominate Lael Brainard, a former US Treasury under-secretary, and renominate Jerome Powell, with the Fed since 2012, to serve on the seven-strong board, which is currently one governor short. With Janet Yellen replacing chairman Ben Bernanke on February 1 and board member
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