Stanley Fischer nominated Fed vice-chair

Stanley Fischer
Stanley Fischer
David Vaaknin

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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