Stanley Fischer announces October resignation from Fed

Vice-chair to step down in October “for personal reasons”, eight months before scheduled

Stanley Fischer
Fed vice-chair Stanley Fischer
David Vaaknin

Stanley Fischer said today (September 6) that he will step down early from his term as vice-chair of the US Federal Reserve Board “for personal reasons”. 

Fischer was due to retire as vice-chair in June 2018, and to remain on its board until January 2020, but he says in a public letter to US president Donald Trump that he will step down “on or around” October 13.

In his short resignation letter, Fischer says it has been “a great privilege to serve on the Federal Reserve Board and, most

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