Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Stanley Fischer in running for Fed vice-chair role

Stanley Fischer in running for Fed vice-chair role

The White House is understood to be considering Stanley Fischer for the vice-chair role of the Federal Reserve.

Fischer, the former governor of the Bank of Israel, was seen as a less likely candidate for Fed chair but he could now be in the running for the number two job, the Financial Times reported.

While incoming chair Janet Yellen was the driving force of the Fed’s 6.5% unemployment rate threshold as part of its forward guidance on rates, Fischer's stance on forward guidance is unclear.

Fischer was formerly chief economist of the World Bank from 1988 to 1990 and then was the second most influential economist at the International Monetary Fund from 1994 until 2001.

During his time as an academic at the Massachusetts Institute of Technology he mentored current Fed chair Ben Bernanke, and Mario Draghi, the head of the European Central Bank.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter