Stanley Fischer

Biography

Stanley Fischer became a member of the Board of Governors of the Federal Reserve System on 28 May 2014, with his term ending on 31 January 2020. He was sworn in as Vice Chairman of the Board of Governors on 16 June 2014. His term as Vice Chairman expires on 12 June 2018.

Prior to his appointment to the Board, Stanley Fischer was Governor of the Bank of Israel from 2005 to 2013.

Between February 2002 and April 2005 Dr Fischer was Vice Chairman of Citigroup. He served as the first Deputy Managing Director of the International Monetary Fund from September 1994 to August 2001. From January 1988 to August 1990, he was Chief Economist at the World Bank.

From 1977 to 1999 Stanley Fischer was a professor of economics at the Massachusetts Institute of Technology (MIT). From 1992 to 1995 he was the Elizabeth and James Killian Class of 1926 Professor. Between 1973 and 1977, he was an associate professor of economics at MIT. Prior to joining the MIT faculty, he was an assistant professor of economics and a postdoctoral fellow at the University of Chicago.

Dr Fischer has published many articles on a wide variety of economic issues, and he is the author and editor of several scholarly books. He has been a fellow at the Guggenheim Foundation, the American Academy of Arts and Sciences and the Econometric Society, as well as a research associate at the National Bureau of Economic Research and an honorary fellow at the London School of Economics.

Dr Fischer was born in Lusaka in Zambia in October 1943. He received his BSc and MSc in Economics from the London School of Economics. He received his PhD in Economics from MIT in 1969.

Dr.Stanley Fischer is married with three adult children.