Former Vice Chairman, Board of Governors of the Federal Reserve System; Former Governor, Bank of Israel
Stanley Fischer is an Israeli American economist. He served as Vice Chairman of the Federal Reserve from 2014-2017 and as governor of the Bank of Israel from 2005 to 2013. Prior to taking up his position as governor of the Bank of Israel, he was a Vice-Chairman of Citigroup (2002-2005). From 1994 to 2001, he was first deputy managing director of the IMF. From 1973 to 1994, he was a member of the Economics Department at MIT, concluding his active service in the MIT Department as its Chair.
From 1988 to 1990 he served as chief economist at the World Bank, on leave from MIT.
On January 10, 2014, United States President Barack Obama nominated Fischer to be Vice-Chairman of the US Federal Reserve Board of Governors, a capacity in which he served until October 2017, when he resigned for personal reasons.
Fischer received an honorary doctorate from the Hebrew University in 2006. In October 2010, Fischer was declared Central Bank Governor of the Year by Euromoney magazine. He has been a member of the Bilderberg Group and attended its conferences in 1996, 1998 and 1999. Fischer was named a Distinguished Fellow of the American Economic Association in 2013.
Fischer was born in Zambia, is married, and has three children.