Fed board remains depleted despite Fischer confirmation
Stein stepping down, leaving Fed board with three official governors
The US senate's confirmation of Stanley Fischer to the Federal Reserve's board of governors this week means he will be one of just three governors on a severely depleted board when Jeremy Stein departs the post next Wednesday, May 28.
As Stein returns to teach at Harvard University, the normally seven-strong Fed board will boast just three official members – including Fischer, the former Bank of Israel governor and prospective Fed vice-chair, whose seat on the board was confirmed by the US
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