“Stanley Fischer, widely seen as a dean among the world’s top central bankers, is President Barack Obama’s choice to become second-in-command at the Federal Reserve,” the Wall Street Journal reports.
“A White House nomination isn’t far off, said one person familiar with the matter. Another said talks with Mr. Fischer were well advanced, but an announcement could take as long as a couple of weeks. Unforeseen events could derail a nomination, as has happened to other Obama candidates in recent years.”
“Mr. Fischer, who has dual citizenship in the U.S. and Israel, served from 2005 through last June as the head of the Bank of Israel. At the Fed he would succeed Janet Yellen, who is awaiting Senate confirmation of her nomination to become Fed chairwoman.”