Tag Archive for Stanley Fischer

Former Bank of Israel chief candidate to strengthen US economy as Deputy Fed

Stanley Fischer, the former Bank of Israel governor, who’s a dual Israeli-U.S. citizen, has been asked by the Obama administration to become Janet Yellen’s deputy head of the Federal Reserve Bank, when she takes over as chief.

By Reuters & Israel Hayom Staff

Stanley Fischer, who led the Bank of Israel for eight years until he stepped down in June, has been asked to become the Federal Reserve Bank’s next deputy head once the current vice chairwoman, Janet Yellen, takes over as chief of the U.S. central bank, a source familiar with the issue said on Wednesday.

Former Bank of Israel Governor Stanley Fischer – Photo: Reuters

Fischer, 70, is widely respected as one of the world’s top monetary economists. Continue Reading »

New Israeli banknotes raise Ashkenazi-Sephardi friction

The Bank of Israel presents a new set of bills amid accusations of cultural discrimination, that feature the likenesses of only famous Ashkenazi poets.


The cabinet authorized on Sunday the issuance of newly designed paper money for NIS 50 and NIS 200 notes.

A stack of shekel bills.

A stack of shekel bills. – Photo: Moti Kimche

The new bills are to enter circulation at the end of 2013. Their designs feature the likenesses of famous Hebrew poets. Criticism has been aired at the selection of the poets, who are all Ashkenazi Jews.

According to the plan that Bank of Israel Governor Stanley Fischer presented to the cabinet, Shaul Tchernichovsky is to feature on the new NIS 50 note, which will be green. Continue Reading »

Stanley Fischer says Iran Affair Has Little Effect on Israeli Economy

Regarding the Israeli economy, Fischer stated “we recovered from the global economic crisis very swiftly & we have grown at a rate of close to 5% in the past few years.”


At a press conference in Tokyo on Thursday for the annual World Bank-IMF meeting, Israeli central bank head Stanley Fischer said that security threats, including the possibility of a conflict with Iran, have a small effect on Israel’s economy, which he called “good but not in excellent shape.”

Stanley Fischer, Governor of the Central Bank of Israel. – Photo: wiki commons.

“I’m frequently asked about the influence of the security situation on the economy including the tension with Iran,” Fischer said. Continue Reading »