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      Archive: 12/12/2013

      News Brief

        12/12/2013, Tevet 9, 5774

      Report: Fischer to be Vice Chairman of Federal Reserve

      Former Bank of Israel Governor Stanley Fischer is President Barack Obama’s leading candidate to become vice chairman of the Federal Reserve, Bloomberg reported on Wednesday, citing people familiar with the matter.

      Fischer, 70, would replace Janet Yellen as the Fed’s No. 2 official, according to the sources, who asked for anonymity because the decision is not final. There are no plans by the White House to announce the choice this week, one of them told Bloomberg.