Fischer, the Fed, and US Growth

Stanley Fischer is ideally suited to serve as the US Federal Reserve Board's next Vice Chairman. Given the challenges facing the Fed in the coming years – stemming largely from four years of fiscal-policy failures, which have contributed to a painfully slow recovery – his appointment is very good news.

CAMBRIDGE – Now that Janet Yellen has been confirmed as Chair of the US Federal Reserve Board, attention has turned to her successor as Vice Chair. US President Barack Obama's choice, Stanley Fischer, was the perfect candidate, given his unique combination of skills, qualities, and experience.

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