Fischer Said to Be the Leading Candidate for Fed Vice Chairman

Former Bank of Israel Governor Stanley Fischer
Former Bank of Israel Governor Stanley Fischer stepped down from that role on June 30, midway through his second five-year term. Photographer: Jason Alden/Bloomberg

Former Bank of Israel Governor Stanley Fischer is the leading candidate to become vice chairman of the Federal Reserve, people familiar with the selection process said.

Fischer, 70, stepped down as a governor of the Bank of Israel on June 30, midway through his second five-year term. He is the top candidate on President Barack Obama’s list to become the Fed’s vice chairman to replace Janet Yellen, whom Obama nominated to become Fed chairman, according to the people, who asked for anonymity because the decision isn’t final.

There are no plans by the White House to announce the nomination this week, the person said.

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