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Great choice, although it seems kind of crazy for someone as experienced and accomplished as Fischer to not be Chairman.
For No. 2 at Fed, White House Favors Central Banker in the Bernanke Mold
Bring on the inflation.
WASHINGTON — Stanley Fischer, the former governor of the Bank of Israel and a mentor to the Federal Reserve’s chairman, Ben S. Bernanke, is the leading candidate to become vice chairman of the Fed, according to former and current administration officials.
If nominated, and then confirmed by the Senate, Mr. Fischer, 70, would succeed Janet L. Yellen, whom President Obama nominated to succeed Mr. Bernanke as the Fed’s leader when his term ends in January.
If nominated, and then confirmed by the Senate, Mr. Fischer, 70, would succeed Janet L. Yellen, whom President Obama nominated to succeed Mr. Bernanke as the Fed’s leader when his term ends in January.
Bring on the inflation.
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