Stanley Fischer

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Person.png Stanley Fischer   C-SPAN Powerbase Sourcewatch WikiquoteRdf-entity.pngRdf-icon.png
(economist, central banker)
Stanley Fischer.jpg
BornOctober 15, 1943
Mazabuka, Northern Rhodesia, British Empire
NationalityIsraeli, US
Alma materLondon School of Economics, Massachusetts Institute of Technology
Member ofCouncil on Foreign Relations/Members, Group of Thirty, Trilateral Commission
Central banker - remarkably both in Israel and the United States - and quad Bilderberger. Mentor of Ben Bernanke, Mario Draghi, and Greg Mankiw.

Employment.png Vice Chair of the Federal Reserve

In office
June 16, 2014 - October 13, 2017

Employment.png Governor of the Bank of Israel

In office
May 1, 2005 - June 30, 2013

Employment.png Chief Economist of the World Bank

In office
January 1988 - August 1990

Stanley Fischer is an Israeli-American economist who was both governor of the Israeli Central Bank from 2005 to 2013 and Deputy Chairman of the US Federal Reserve until October 2017 - and quad Bilderberger. He is the mentor (or recruiter?) of Ben Bernanke, Mario Draghi, and Greg Mankiw.

Childhood and education

Fischer was born in the former Northern Rhodesian town of Mazabuka as a child of European-Jewish immigrants. At the age of 13, the family moved to Southern Rhodesia (now Zimbabwe), where he became active, among other things, in the Zionist youth movement Habonim. Fischer later received a Bachelor of Science and then a Master of Science in Economics at the London School of Economics, where he studied from 1962 to 1966. He received a Ph.D. from the Massachusetts Institute of Technology in 1969. In 1976 he acquired American citizenship.

Career

In the early 1970s, Fischer was an associate professor at the University of Chicago. He was a professor at the Massachusetts Institute of Technology from 1977 to 1988. He wrote textbooks in macroeconomics, and mentored Ph.D. theses authored by economists Ben Bernanke, Mario Draghi, and Greg Mankiw.[1]

From January 1988 to August 1990, he was vice-president of the World Bank, and later, from September 1994 to the end of August 2001, he became the first deputy director of the International Monetary Fund. After leaving the IMF, he became deputy chairman of the Board of Citigroup. Fischer was with Citigroup from February 2002 to April 2005.

On May 1, 2005, he was appointed governor of the Central Bank of Israel. He was nominated for the post by Ariel Sharon and Finance Minister Benjamin Netanyahu on January 9, 2005. Fischer was already working as an American consultant for the Israeli Central Bank in 1985. In order to be able to take up his new position, Fischer became an Israeli citizen by taking advantage of the return law as a Jew, but retained his US citizenship. He replaced David Klein, whose term at the Israeli central Bank had ended on 16 January 2005.

On June 11, 2011, his candidacy for the chairmanship of the IMF became known.[2] On June 13, 2011, his candidacy was rejected by the IMF on grounds of age, as candidates must not be older than 65 years old according to the statutes. There was no majority in favour of amending the statutes. Fischer was 67 years old at the time of his application.[3]

Fischer resigned as Governor of the Central Bank of Israel on June 30, 2013.[4]

On May 28, 2014, Fischer became deputy chairman of the US Federal Reserve.[5] At the beginning of September 2017, after differences with US President Donald Trump, he announced his early departure from the Fed, which took effect in mid-October.[6] His regular term as vice-president would have ended on June 12, 2018, his membership in the Fed on January 31, 2020.


 

Events Participated in

EventStartEndLocation(s)Description
Bilderberg/199630 May 19962 June 1996Canada
Toronto
The 44th Bilderberg, held in Canada
Bilderberg/199814 May 199817 May 1998Scotland
Turnberry
The 46th Bilderberg meeting, held in Scotland, chaired by Peter Carrington
Bilderberg/19993 June 19996 June 1999Portugal
Sintra
The 47th Bilderberg, 111 participants
Bilderberg/20187 June 201810 June 2018Italy
Turin
Hotel Torino Lingotto Congress
The 66th Bilderberg Meeting, in Turin, Italy, known for months in advance after an unprecedented leak by the Serbian government.
Herzliya Conference/200621 January 200624 January 2006Israel
Tel Aviv
Reichman University
A 2006 conference on Israeli security needs.
Herzliya Conference/200721 January 200724 January 2007Israel
Tel Aviv
Reichman University
"The conference examined the array of dangers, threats and difficulties Israel has faced since early 2006, identified a broad web of problems in all of the fundamental strata upon which national security is based, and proposed strategies for action."
WEF/Annual Meeting/200724 January 200728 January 2007SwitzerlandOnly the 449 public figures listed of ~2200 participants
WEF/Annual Meeting/200923 January 200927 January 2009World Economic Forum
Switzerland
Chairman Klaus Schwab outlined five objectives driving the Forum’s efforts to shape the global agenda, including letting the banks that caused the 2008 economic crisis keep writing the rules, the climate change agenda, over-national government structures, taking control over businesses with the stakeholder agenda, and a "new charter for the global economic order".
WEF/Annual Meeting/201323 January 201327 January 2013World Economic Forum
Switzerland
2500 mostly unelected leaders met to discuss "leading through adversity"
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References