Year: 2025
Pages: 1

The Group of Thirty is saddened to report the passing of Emeritus Member and longtime friend, Stanley Fischer on Saturday, May 31, 2025 at the age of 81. Stan joined the Group in 2000 and was a dedicated Member and participant over many decades, providing thoughtful analysis and robust economic thought to the debates and work of the G30. An academic advisor to many, a mentor to others, and a friend to us all, Stan is remembered not only for his own incredible contributions to the global system but also his influence and support to generations of economists.
 
Throughout his career in the top echelons of national and international economic institutions, Stan remained true to his values, always articulating his goals and methods clearly. From 2014 to 2017, he served on the Board of Governors of the Federal Reserve System, taking on the role of Vice Chairman of the Board of Governors on June 16, 2014. He stepped down in 2017 to take care of his beloved wife Rhoda who passed in 2020.
 
Stan served as Governor of the Bank of Israel from 2005 through 2013, hosting the Group’s 59th Plenary in Jerusalem in 2008. Previously, from February 2002 to April 2005, he was Vice Chairman of Citigroup. When Stan joined the G30, he was the First Deputy Managing Director of the International Monetary Fund, a role he undertook from September 1994 through August 2001, following his term as Chief Economist of the World Bank from January 1988 to August 1990.
 
One of Stan’s true passions was academia. His research and teaching, first at the University of Chicago and subsequently and primarily at the Massachusetts Institute of Technology (MIT), will be remembered for its great impacts. His work in New Keynesian economics helped shape today’s economic theories and policies. He served as an academic advisor to many influential policymakers including Mario Draghi and Ben Bernanke.
 
Stan was born in Lusaka, Zambia in October 1943 and received his B.Sc. and M.Sc. in Economics from the London School of Economics. He received his Ph.D. in economics from the Massachusetts Institute of Technology in 1969. He married Rhoda in 1965 and they had 3 children and 9 grandchildren. All in the Group send our deepest condolences to the Fischer family at this time.