Fischer, 73, cited "personal reasons", for his resignation, which will take effect October 13.
Fischer's term was set to expire in June 2018 and his tenure on the Fed was slated to end in January 2020. The resignation comes about nine months before Fischer's term as vice chairman was set to expire. "In a recent interview with the Financial Times, Fischer was highly critical of Republican efforts to loosen the post-crisis regulatory regime". We are certain that Yellen too intends to head for Disney by February, leaving Trump to a number of unfilled Fed positions.
In a note to clients on Wednesday, Paul Ashworth, chief USA economist at Capital Economics, wrote that Fischer's resignation "presumably lowers the odds of [Yellen] being nominated for a second term [as Fed Chair]". Before the central bank started raising interest rates in late 2015, he was a key figure in the Fed's communication to the public and investors.
Modi meets Suu Kyi, discusses India-Myanmar relations
Myanmar's government has yet to respond as to whether or not fresh mines have been laid in recent weeks, Reuters said. Ms Suu Kyi, a Nobel Peace Prize laureate, has been heavily criticised for her response to the escalating crisis.
Will Piyush Goyal put railways on track?
The saffron party has also been wooing Christians and his induction is likely to help this cause. Pradhan and Naqvi retained their portfolios of Oil and Gas and Minority Affairs respectively.
Injury Rules Akpeyi Out Of Cameroun Clash, Ezenwa To Start In Goal
The post Simon: I Want To Score Against Cameroon Again After My Friendly Match Goal appeared first on Complete Sports Nigeria . To get to Russian Federation , we need to beat Cameroun.
Goodfriend, 66, worked for more than 20 years at the Richmond Fed and is seen as a leading hawkish voice on monetary policy.
Former Board of Governors member Daniel Tarullo stepped down in April.
With an academic approach to policymaking, born of professorship at the Massachusetts Institute of Technology and University of Chicago, Fischer had contributed a more moderate perspective on interest rate hikes and voted for the Federal Open Market Committee's monetary policy action. If confirmed, Quarles would lead the Fed's regulatory supervision of Wall Street banks.
Before joining the Board, Mr. Fischer was governor of the Bank of Israel, from 2005 to 2013.