Prime Minister Netanyahu has shown a clear preference for American trained economists.
By JTA
Fischer, 70, succeeds Janet Yellen, who was elevated to Fed chairwoman in February to follow Ben Bernanke. All three are Jewish.
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 […]
Jeremy Levin, who moved to Israel last year to take over the helm at Teva Pharmaceuticals only to be fired last month, say he loves Israel and is staying here, at least for the time being. Unlike Stanley Fischer, who made aliya to take over the post of Governor of the Bank of Israel and […]
PM Netanyahu and Finance Minister Lapid announced that acting Bank of Israel Governor Karnit Flug will be appointed as the next governor. Flug will be the Bank of Israel's first female governor. Flug was not Netanyahu's first choice to replace Stanley Fischer, but his other choices were either disqualified, or backed out before they become […]
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 […]
The American dollar’s worldwide weakness helped drive down the shekel-dollar rate to below 3.53 shekels to the dollar Thursday, the lowest level since September 2011. One shekel now is worth 28 cents. Analysts have pointed to the lack of certainty over who will replace Stanley Fischer as Governor of the Bank of Israel, but the […]
Outgoing Governor of the Bank of Israel Stanley Fischer admitted that he does not understand everything in Israel but after only eight years in the country since taking the helm at the Bank, he is another expert on the Middle East. He previously has injected his dovish political views through hints and gestures, but his […]
Outgoing Governor of the Bank of Israel Stanley Fischer was rushed to a Tel Aviv hospital Tuesday night after complaining of exhaustion, but he is being released on Wednesday. He was suffering from dehydration. "The Governor is now feeling better. He remained in hospital overnight for observation and will be released to go home today,” […]
The money markets can relax. There is economic growth after Stanley Fischer, who has decided that Israel is not his home. Prof. Yaakov Frenkel, who once headed the Bank of Israel, is returning.
Former U.S. Secretary of the Treasury Larry Summers will join several other world financial leaders on June 18 for a $30,000 farewell party for Bank of Israel Governor Stanley Fischer, the Globes business newspaper reported Thursday. Fischer is leaving in the middle of his second term of office after having made aliyah to take the […]
The shekel-dollar rate has soared 4 percent in the past two weeks, with the latest jump today (Wednesday) prompted by expectations that the Bank of Israel will lower the interest rate again in June. The rate crossed the level of 3.69 shekels to the dollar on Wednesday after having dropped under 3.55 shekels to the […]
Bank of Israel Governor Stanley Fischer announced on Monday a surprise cut the prime interest rate as part of his battle to fight the appreciation of the shekel and help the economy to keep growing. The financial markets responded with the shekel-dollar rate rising more than 1.5 percent to the level of 3.61 shekels to […]