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Stanley Fischer to Resign from Federal Reserve Board

Informed by the lessons of the recent financial crisis, we have built upon earlier steps to make the financial system stronger and more resilient and better able to provide the credit so vital to the prosperity of our country's households and businesses.
Federal Reserve Board Vice Chair Stanley Fischer
Informed by the lessons of the recent financial crisis, we have built upon earlier steps to make the financial system stronger and more resilient and better able to provide the credit so vital to the prosperity of our country's households and businesses.
Federal Reserve Board Vice Chair Stanley Fischer

Board of Governors of the Federal Reserve System ("FRB") Vice Chair Stanley Fischer will resign from the FRB on or around October 13, 2017. Dr. Fischer announced his plans in a letter to President Donald J. Trump.

Dr. Fischer was appointed to the FRB by President Barack Obama in 2014 for an unexpired term set to end in 2020. Dr. Fischer's term as Vice Chair was set to expire on June 12, 2018. During his tenure, Dr. Fischer served as chair of FRB Committees on (i) Financial Stability and (ii) Financial Monitoring and Research. He also represented the FRB internationally in various capacities.

See here for prior coverage about Governor Fischer on the Cabinet.

Primary Sources

  1. FRB Press Release: "Stanley Fischer Submits Resignation as a Member of the Board of Governors" (September 6, 2017)
  2. Stanley Fischer: Resignation Letter (September 6, 2017)

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Individuals
Stanley Fischer
Regulated Activities
Governance
Sub-Activity
Regulatory Personnel Changes
Regulated Entities
Regulatory Agencies
Body of Law
Banking Law
Jurisdiction
US - Federal
Organization
US Banking Regulators
Sub-Author
Federal Reserve Board