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Fed Vice Chair Fischer Resigns, Effective Oct. 13  

Highlights
September 6, 2017
Citing personal reasons, Federal Reserve Vice Chair Stanley Fischer has submitted his resignation effective "on or around" October 13 this year. The resignation of Fischer, who has been a governor since 2014, will leave 3 seats on the FOMC open (note that Randal Quarles was nominated earlier this year by President Trump to fill one of those seats). His resignation comes about 9 months before his term as Vice Chair expires (in June 2018) and more than 2 years before his term as governor expires (January 2020). Fischer is known as a close supporter of Janet Yellen who praised his scholarship and wit in the official statement.


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