What Stanley Fischer Did at the IMF
Stanley Fischer has officially been nominated to serve as vice chairman of the Federal Reserve. Although he is eminently qualified, one item on his resume is a potential cause for concern: his tenure as second-in-command of the International Monetary Fund from 1994 through much of 2001, a period when the IMF was aiding Russia's post-Soviet transition, as well as responding to crises in Asia and Latin America. Even with significant caveats, the record of the IMF during this period was undistinguished. During his confirmation hearings, senators should ask Fischer what role he played in the key decisions and whether he would have done anything differently with the benefit of hindsight and experience.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- We Didn't Normalize Trump. We Normalized the Left's Violence.
- The Next Crisis Will Start in Silicon Valley
- Trump Takes a (Calculated) Risk on Immigration
- Not Driving to Work Is the Hot New High-End Job Perk
- Trump's Terrible Numbers Are a Little Less Terrible
- What Last Week Tells Us About Bitcoin
- What Jamie Dimon Got Wrong About Bitcoin and Tulips