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.

What role was Stanley Fischer expected to play during the transition from Janet Yellen?

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What implications does Fischer's resignation have for Donald Trump and the Federal Reserve?

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