Stanley Fischer Confirmed as Fed’s Vice Chairman

NEW YORK (JTA) — Stanley Fischer, a former Bank of Israel governor, was confirmed by the U.S. Senate as vice chairman of the Federal Reserve. The confirmation vote on Thursday was 63-24, the Los Angeles Times reported.

Fischer, 70, succeeds Janet Yellen, who was elevated to Fed chairwoman in February to follow Ben Bernanke. All three are Jewish.

Last month, Fischer was confirmed as a member of the Federal Reserve board, but a separate vote was needed for the vice chairman’s post.

Fischer, a dual U.S.-Israeli citizen, helmed Israel’s central bank from 2005 to 2013. He previously held senior positions at the World Bank and the International Monetary Fund.