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Thread: Fed vice chair Stan Fischer to resign

  1. #1

    Fed vice chair Stan Fischer to resign

    In yet another sign of how financial regulation is rapidly changing under President Donald Trump, Federal Reserve Vice Chairman Stanley Fischer announced Wednesday that he plans to resign.

    In a brief letter, the 73-year-old cited “personal reasons” for a resignation that will occur on or around Oct. 13. But he also made clear he was proud of the new rules governing banks put in place in the wake of the financial crisis, a point of contention with the Trump administration.

    “During my time on the Board, the economy has continued to strengthen, providing millions of additional jobs for working Americans. 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,” Fischer wrote.

  2. #2
    Registered User
    Member Since
    Jan 2014
    He has a right to his opinion.
    He has a right to resign, he is 73 years old. He should resign and give that job to someone with new and innovative ideas.
    I hope he enjoys his retirement, Maybe he can travel.
    I wish everyone in the Congress over 70 would retire.

  3. #3
    I think this leaves the Fed with three Board members, FWIW -- Yellen, Brainard, and Powell.

  4. #4
    Here's his replacement.

    Name:  monopolyguy.jpeg
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    "Pain heals. Chicks dig scars. Glory... lasts forever." - Shane Falco

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