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?

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