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Jacob Frenkel Says He's Not a Candidate for Bank of Israel Job

  • Comment comes after his name is raised as potential candidate
  • Current BOI governor clashed with government on housing, taxes
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JPMorgan's Frenkel on Trade Tensions, Fed Policy

Jacob Frenkel, chairman of JPMorgan Chase International, said he supports Karnit Flug’s re-appointment as Bank of Israel governor amid rumors that she may not get another term.

Israeli media have reported on potential candidates to replace Flug, including Frenkel, after the Finance Ministry lambasted the central bank for criticizing its policies. Frenkel served as Bank of Israel governor in the 1990s and was Prime Minister Benjamin Netanyahu’s top pick for the job in 2013 before withdrawing during the vetting process.