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Report: Outgoing Bank of Israel Governor Refuses to Rule Out Fed Chief Job
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by Zach Pontz
Bank of Israel Governor Stanley Fischer. Photo: World Economic Forum.
Outgoing Governor of the Bank of Israel Prof. Stanley Fischer is refusing to rule out the possibility of replacing U.S. Fed Chief Ben Barnanke, the Financial Times reported Thursday.
FT Writes: “Fischer, who steps down later this month, had previously said he was quitting the Bank of Israel two years before the end of his five-year term for mainly personal reasons. But when quizzed about the Fed job during a visit to London on Wednesday, he made no mention of personal matters, saying only that it was unwise to ‘accept a job offer that no one has made to you’. When pressed to deny his interest, he declined to do so, reiterating that he ‘did not want to get into whether or not he would accept an offer’ if nominated by President Barack Obama.”
When Fischer announced he would be leaving his post, rumors began to circulate that he could be tapped as the next Fed Chief. Bernanke, his former pupil when he was a professor at the Massachusetts Institute of Technology, is expected to step down after his 2nd four year term ends in 2014.
