Fed nominee Fischer grilled on Citi ties

Senators concerned about 'revolving door' between bank and top policy-makers

Stanley Fischer
David Vaaknin

Stanley Fischer, currently nominated to become vice-chair of the Federal Reserve, faced tough questions on his links with Citigroup in a Senate hearing yesterday.

The former Bank of Israel governor, who will become vice-chair if confirmed by a vote in the Senate, was challenged over the three years he spent at the banking group in the early 2000s.

Massachusetts senator Elizabeth Warren asked Fischer whether he thought the "revolving door" between Citi and many top policy-maker appointments was

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