Stanley Fischer has been sworn in as a member of the Federal Reserve Board and will be able to vote at the central bank's next interest-rate meeting in June.
Stanley Fischer has been sworn in as a member of the Federal Reserve Board and will be able to vote at the central bank’s next interest-rate meeting in June.
His nomination as the Fed’s vice chairman is still awaiting Senate confirmation.
Fed Chair Janet Yellen on Wednesday administered the oath of office for Fischer, a former head of the Bank of Israel.
With his addition, the Fed board will remain at four members. Jeremy Stein had announced that he was leaving the Fed effective Wednesday to return to Harvard, where he is an economics professor.
- Power restored after major, hour-long outage in downtown Seattle
- Trump, Clinton win Washington state primary
- Designed in Seattle, this $1 cup could save millions of babies
- Boeing plans hundreds of layoffs in local IT unit
- Walkoff magic! Leonys Martin’s dramatic homer in ninth lifts Mariners
Most Read Stories
At full strength, the Fed board has seven members. There are currently three vacancies. Obama has nominated former Treasury Undersecretary Lael Brainard for one of the vacancies but her nomination is awaiting Senate approval.