"This week, President Obama named Stanley Fischer, former governor of the Bank of Israel, to serve as vice chairman Friday of the U.S. Federal Reserve board. The president named Lael Brainard, one of his top economic advisers, to serve as a governor of the fed and nominated Jerome Powell to a second term, According to UPI.
"Stanley Fischer brings decades of leadership and expertise from various roles, including serving at the International Monetary Fund and the Bank of Israel," Obama said. "He is widely acknowledged as one of the world's leading and most experienced economic policy minds and I'm grateful he has agreed to take on this new role and I am confident that he and Janet Yellen will make a great team.""
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