The White House is close to nominating Stanley Fischer, the former governor of the Bank of Israel, as vice chair of the Federal Reserve, CNBC reports.
Fischer, 70, headed the Israeli central bank until earlier this year. He is a former head of the economics department at MIT, former number two official at the IMF and former chief economist at the World Bank.
Among his students during his 20-plus years teaching at MIT were outgoing Fed Chairman Ben Bernanke and former presidential advisor Greg Mankiw.
{Andy Heller-Matzav.com Newscenter}
Can’t think of a better choice. Will the Republicans try to stop this appointment as they are trying to do with every other Obama appointment?
Its Obamas way or the highway. His policy’s won’t be allowed. But at least he’ll get a paycheck and Kovod