Federal Reserve Vice Chairman Stanley Fischer Wednesday submitted his resignation from the central bank, in a surprise move that gives President Donald Trump the chance to nominate more than half the Fed’s board whenever he chooses.Fischer, whose departure is effective Oct. 13, cited “personal reasons” for his decision to leave the board at a time when it is considering further interest rate hikes and unwinding the massive portfolio of assets that it purchased to prop up the economy.With only three of the seven board members staying past October, Fischer’s exit puts increased pressure on the Senate to approve Randal Quarles, nominated for the central bank’s top regulatory job and Trump’s only Fed pick to date.
Fischer Resigns As Fed Vice Chair, In New Opening For Trump
vguida@politico.com (Victoria Guida), Politico
Wed, 09/06/2017 - 10:26am
Topics: federal reserve vice chairman stanley fischer wednesday donald trump october fischer s randal quarles trump s treasury department senate banking committee chair janet yellen s february june white house federal reserve cowen jaret seiberg carnegie mellon university professor marvin goodfriend barack obama the israel citigroup international monetary fund world bank economic financial monitoring research financial stability board settlements december wrightson lou crandall if chair yellen fed fischer federal reserve president trump fed fed s oct senate bank committee yellen board international financial stability central interest time economist rates departure represented service decision resignation nominate credit jobs move nominated economy puts crisis members support served
BING NEWS:
- Trump advisers discussed demoting a Fed official — and it’s not Powell
Trump advisers have discussed demoting Fed board member Michael Barr from his job running bank supervision to have a more immediate influence on the Fed.
10/21/2024 - 8:09 am | View Link - Fed-Up Ex-Republican National Committee Chair Shares His Massive Election Frustration
Michael Steele, the former chair of the Republican National Committee, on Monday expressed his frustration at close 2024 election polls that continue to put Democratic nominee Kamala Harris and GOP ...
10/14/2024 - 9:48 pm | View Link - Former vice chair of the Federal Reserve speculates what will happen with the U.S. interest rates
Former Federal Reserve vice chair Richard Clarida shared his opinion about what would happen to interest rates now that the Fed has cut rates after four years. Clarida explained on FT that the level ...
10/14/2024 - 5:32 am | View Link - Fed Vice Chair Jefferson Talks Monetary Policy at Davidson
The Federal Reserve’s Vice Chair Philip Jefferson shared insights with students and a public audience at Davidson College during a campus visit and talk. Learn more.
10/10/2024 - 7:13 am | View Link - Stocks Little Changed after Positive Economic Comments from Fed Vice Chair Jefferson
Stocks today are mixed. Positive comments from Fed Vice Chair Jefferson are boosting stocks when he said the US economy is growing at a "solid pace." Weakness in chip stocks is weighing on the Nasdaq ...
10/10/2024 - 12:40 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more