Friday, January 10, 2014

Stanley Fischer as the Fed's Vice Chair

President Obama just nominated Stanley Fischer to become vice chair of the Federal Reserve.

Stan is a great choice: smart, sensible, open-minded, and experienced.  He also has first-rate people skills, which will come in useful handling the many personalities on the FOMC and in Washington. He will be a perfect #2 to Janet Yellen.

In related news, Stan recently became a Distinguished Fellow of the American Economics Association.