“According to multiple reports, the White House has asked Stanley Fischer to be the next Vice Chair of the Federal Reserve.
So far, we’ve heard nothing but endorsements for Fischer, who is credited for successfully navigating Israel’s economy through the financial crisis.
“We think it is great news that the Administration may nominate Stanley Fischer to be vice-chairman of the Federal Reserve Board,” wrote Morgan Stanley’s Vincent Reinhart in a note titled The Fed Dream Team. “Fischer has been around the inner circle of international economic policymaking for three decades. If he was not at a major meeting in person, one of his students from his long tenure at MIT probably was.”
Fischer’s student have included current Fed Chair Ben Bernanke and ECB chair Mario Draghi….”
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