President Obama To Nominate Former Bank Of Israel Head To Fed. R - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

President Obama To Nominate Former Bank Of Israel Head To Fed. Reserve Vice Chairman

Posted: Updated:
Former Bank of Israel Governor Stanley Fischer in Washington, November 19, 2013. Former Bank of Israel Governor Stanley Fischer in Washington, November 19, 2013.
WASHINGTON (AP) - President Barack Obama intends to nominate Stanley Fischer to be vice chairman of the Federal Reserve.
    
Fischer is a former head of the Bank of Israel. He would succeed Janet Yellen, who's succeeding Fed Chairman Ben Bernanke.
    
Fischer is a dual citizen of the United States and Israel. He's considered a leading expert on monetary policy.
    
He was a long-time professor at MIT, and Bernanke was one of his students.
    
Obama also is nominating Lael Brainard as a Fed governor. Brainard served as the undersecretary for international affairs at Treasury during Obama's first term and left the administration recently.
    
Fischer was chief economist at the World Bank and deputy managing director of the International Monetary Fund. He led the Bank of Israel from 2005 to 2013.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • National NewsMore>>

  • Hamas agrees to 24-hour holiday truce in Gaza war

    Hamas agrees to 24-hour holiday truce in Gaza war

    Sunday, July 27 2014 10:36 AM EDT2014-07-27 14:36:04 GMT
    GAZA CITY, Gaza Strip (AP) - Hamas says it has agreed to a 24-hour humanitarian truce in the Gaza war ahead of a major Muslim holiday. Hamas spokesman Sami Abu Zuhri said the truce would go into effect at 2 p.m. Sunday. The three-day Eid al-Fitr holiday, which caps the Muslim fasting month of Ramadan, is expected to begin Monday or Tuesday, depending on the sighting of the new moon.More >>
    GAZA CITY, Gaza Strip (AP) - Hamas says it has agreed to a 24-hour humanitarian truce in the Gaza war ahead of a major Muslim holiday. Hamas spokesman Sami Abu Zuhri said the truce would go into effect at 2 p.m. Sunday. The three-day Eid al-Fitr holiday, which caps the Muslim fasting month of Ramadan, is expected to begin Monday or Tuesday, depending on the sighting of the new moon.More >>
  • Dutch: 1st victim identified from Flight 17

    Dutch: 1st victim identified from Flight 17

    Saturday, July 26 2014 5:55 PM EDT2014-07-26 21:55:02 GMT
    THE HAGUE, Netherlands (AP) - The Dutch government says the first victim has been identified from the Malaysia Airlines Flight 17 disaster.The name and sex of the victim, a Dutch national, weren't released. The government said Saturday the next of kin and mayor of the victim's hometown have been informed.More >>
    THE HAGUE, Netherlands (AP) - The Dutch government says the first victim has been identified from the Malaysia Airlines Flight 17 disaster.The name and sex of the victim, a Dutch national, weren't released. The government said Saturday the next of kin and mayor of the victim's hometown have been informed.More >>
  • 3 rockets hit Israel as Hamas rejects Gaza truce

    3 rockets hit Israel as Hamas rejects Gaza truce

    Saturday, July 26 2014 5:19 PM EDT2014-07-26 21:19:11 GMT
    JERUSALEM (AP) - The Israeli military says three rockets have been fired from Gaza at Israel despite a proposed extension of a humanitarian truce in the Gaza war.Hamas spokesman Sami Abu Zuhri said the group rejected Israel's proposal to extend an original 12-hour lull by four hours, until midnight Saturday.More >>
    JERUSALEM (AP) - The Israeli military says three rockets have been fired from Gaza at Israel despite a proposed extension of a humanitarian truce in the Gaza war.Hamas spokesman Sami Abu Zuhri said the group rejected Israel's proposal to extend an original 12-hour lull by four hours, until midnight Saturday.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KHQ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.