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US Fed's Vice Chair Stanley Fischer announces resignation

Veteran central banker to leave by mid-October

Reuters  |  Washington 

US Federal Reserve Vice Chair Stanley Fischer, a veteran central banker who helped set the course for modern monetary policy, said on Wednesday he will step down from his position in the middle of October.   In a letter to President Donald Trump, Fischer, 73, said he was resigning for personal reasons and that the effective date would be on or around October 13.   "It's been a privilege to serve on the Federal Reserve board and most especially to work alongside Chair Yellen," Fischer said, citing the improvements in the economy and financial system in recent ...

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First Published: Wed, September 06 2017. 20:42 IST