Obama nominates Fischer as Fed vice chairman

President Barack Obama nominated Stanley Fischer, the former governor of the Bank of Israel, to be vice chairman of the Federal Reserve.

The Jan. 10 nomination  came the same week that the Senate confirmed Janet Yellen as the Federal Reserve’s chairwoman, the third consecutive Jew to hold the post, following Ben Bernanke and Alan Greenspan.

“Stanley Fischer brings decades of leadership and expertise from various roles, including serving at the International Monetary Fund and the Bank of Israel,” Obama said of Fischer, who led the Bank of Israel from 2005 until last year.

Fischer, 70 and born in Zambia, is a dual U.S.-Israeli citizen. — jta