Fed’s Fischer Announces Resignation, to Leave Mid-October

U.S. Federal Reserve Vice Chair Stanley Fischer, a veteran central banker who helped set the course for modern monetary policy, said on Wednesday he will step down from his position in the middle of October.

In a letter to President Donald Trump, Fischer, 73, said he was resigning for personal reasons and that the effective date would be on or around Oct. 13.

“It’s been a privilege to serve on the Federal Reserve board and most especially to work alongside Chair Yellen,” Fischer said, citing the improvements in the economy and financial system in recent years.

Fischer’s term as vice chair was set to expire next year but his early departure gives Trump an opportunity to further shape the central bank sooner than expected.

The Fed is supposed to operate with a seven-strong board, which will now be whittled down to three pending the confirmation of Trump’s first Fed nominee,

admin

admin

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<