July 22, 2014
Stanley Fischer named as US Fed Vice Chair
US President Barack Obama has named experienced central banker and internationally respected economist Stanley Fischer to serve as the vice chairman of the Federal Reserve, the White House said.
Obama also nominated Lael Brainard, who served as the Treasury Department's top official for international affairs, to serve on the Fed board. The president further named Fed Governor Jerome Powell to a new term on the board ending in 2028.