Stanley Fischer confirmed as Fed vice chair, as Brainard joins the board

Stanley Fischer

The US Senate yesterday confirmed Stanley Fischer as vice chair of the Federal Reserve by a vote of 63 to 24. The former head of the bank of Israel was sworn in as Fed governor on May 28.

The Senate also confirmed Lael Brainard, a former US Treasury under-secretary, to the Fed's board of governors by a vote of 61 to 31. Jerome Powell, a current governor whose official term expired earlier this year, was reappointed by a vote of 67 to 24.

Tim Johnson, chairman of the Senate Banking Committee, sai

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