By JTA
President Obama nominated Stanley Fischer, the former governor of the Bank of Israel, to be the vice chairman of the Federal Reserve. The Friday nomination comes the same week that the Senate confirmed Janet Yellen as Federal Reserve’s chairwoman, the third Jewish person to hold the post in succession, following Ben Bernanke and Alan Greenspan. […]
The Obama administration is close to announcing that former Israel Bank Governor Stanley Fischer will take over the number two position at the Federal Reserve Bank under recently confirmed director Janet Yellen. Fischer was hoping to be named head of the Fed, but at 70, his age was a barrier. Fischer is widely respected in […]
Was it all the negative articles in which the other front-runner for Federal Reserve Chair, Janet L. Yellen, was compared to Lawrence Summers and Summers was found wanting? Was it that, plus the snarky articles pointing out that despite what some saw as Yellen's superior credentials, that Obama was intent on naming Summers to replace […]
Lawrence Summers, who was the first Jew to become president of Harvard University, will replace Ben Bernanke to head the Federal reserve, the Japanese newspaper Nikkei reported early Friday morning. It cited unnamed sources. Bernanke’s term expires in January, and Summers was competing with Janet Yellen, currently the vice chairman of the Fed, for the […]
Outgoing Bank of Israel Governor Stanley Fischer dodged questions from the Financial Times on whether he wants to succeed Ben Bernanke as director of the Federal Reserve. Fischer is quitting his job in Israel only two years after his second term started, and it has been widely speculated he wants to take a run for […]
By Rafi Farber
There should be no central bank which regulates the supply of money.