Fed's Fischer Resigns After Three Years as Vice Chair

Stanley Fischer, Vice Chairman of the Federal Reserve, announced his resignation effective mid-October. His departure was unexpected, as he was anticipated to guide the Fed through a leadership transition. Fischer, who has served since 2014, did not provide a reason for his resignation. His exit leaves a significant vacancy for the Trump administration to fill, amid speculation about Janet Yellen's future and potential successors. Fischer's resignation is seen as a shock to the Federal Reserve System and global investors, given his influential role alongside Janet Yellen.

When is Stanley Fischer's resignation from the Federal Reserve effective?

• October 1st

• November 1st

• October 13th

• October 31st

What was Stanley Fischer expected to assist with at the Federal Reserve?

• Implementing new monetary policies

• Transitioning leadership from Janet Yellen

• Reducing inflation

• Increasing interest rates

What role did Stanley Fischer hold before joining the Federal Reserve?

• President of the European Central Bank

• Governor of the Bank of England

• Chairman of the World Bank

• Governor of the Bank of Israel

What is one of the main challenges for the Trump administration following Fischer's resignation?

• Filling another critical vacancy at the Fed

• Implementing new tax reforms

• Reducing the national debt

• Negotiating international trade deals

Who are the potential candidates speculated to replace Stanley Fischer?

• Janet Yellen and Gary Cohn

• Ben Bernanke and Alan Greenspan

• Tim Geithner and Larry Summers

• Paul Volcker and Henry Paulson