Federal Reserve Vice Chairman Stanley Fischer to Exit Mid-October

U.S. Federal Reserve Vice Chairman Stanley Fischer has resigned effectively around October 13, 2017. He was appointed to the Federal Reserve Board by U.S. President Barack Obama in 2014.

Fischer cited personal reasons on his exit in a resignation letter. He stated in the letter, “During my time on the Board, the economy has continued to strengthen, providing millions of additional jobs for working Americans.”

He added, “We have built upon earlier steps to make the financial system stronger and more resilient.”

Source: Federal Reserve

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