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
Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter