Outgoing Governor of the Bank of Israel Prof. Stanley Fischer; doesn’t rule himself out as next US Fed chief

“But it’s an illusion to think that nations do everything only because of economic considerations. Every people has its dreams and its goals, and that’s true for us and for the Palestinians. The Palestinians want to be a people, they don’t just want to be in a better economic situation. We need to take that into account.” more
–Outgoing Governor of the Bank of Israel, Stanley Fischer, shares his views on a two-state solution.

Outgoing Governor of the Bank of Israel Prof. Stanley Fischer has refused to rule himself out of the running for the top job at the Federal Reserve, reports the “Financial Times” today. “Fischer, one of the most well-regarded figures in global central banking circles, evaded calls to deny he wished to succeed Ben Bernanke as Fed chair when his term ends in January next year.”

“Financial Times” adds, “Fischer, who steps down later this month, had previously said he was quitting the Bank of Israel two years before the end of his five-year term for mainly personal reasons. But when quizzed about the Fed job during a visit to London on Wednesday, he made no mention of personal matters, saying only that it was unwise to ‘accept a job offer that no one has made to you’. When pressed to deny his interest, he declined to do so, reiterating that he ‘did not want to get into whether or not he would accept an offer’ if nominated by President Barack Obama.

-An illustrated history of the Jewish Lobby- Who Rules the World- 

Prof. Stanley Fischer is a world-renowned economist and, since 2005, has served as Governor of the Bank of Israel. His previous roles include Chief Economist at the World Bank. Widely celebrated for his handling of Israel’s economy following the global financial crisis, in 2010 he was declared Central Bank Governor of the Year by Euromoney magazine, and the Bank of Israel was ranked first among central banks for its efficient functioning. In February 2013, Prof. Fischer announced that he would be stepping down early from the role of governor.

Prof. Fischer has held visiting positions at the Hebrew University and for two decades has been a member of its Board of Governors. In 2006 he received an honorary doctorate from the Hebrew University. In his acceptance speech he said, “By European and American standards, this is a young university. Its founding ceremony took place in 1925, at this spot, in the presence of Lord Balfour, Viscount Allenby, High Commissioner Herbert Samuel, Haim Nachman Bialik, Nahum Sokolov, Harav Kook, Harav Meir, and 10,000 others. That extraordinary turnout testifies to the importance the inhabitants of the Yishuv and of the Zionist movement attached to the founding of what they called the University of the Jewish people. The University already possesses a proud history, an essential part of the history of modern Israel, of the history of the Jewish people and their successful but ongoing struggle to establish a modern state in the ancient land of our forefathers.”  >>more<<

“Fischer has been considered an outsider to replace Mr Bernanke, his former pupil when he was a professor at the Massachusetts Institute of Technology, since he announced in January that he would step down as head of the Bank of Israel. It is believed that Mr Bernanke is unlikely to seek a further four years as Fed chair after his second term ends.”

Other candidates to succeed Bernanke include Federal Reserve Board vice chairwoman Janet Yellen and former Department of the Treasury secretaries Larry Summers and Tim Geithner. >>MORE<<

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