Fed board remains depleted despite Fischer confirmation

Stein stepping down, leaving Fed board with three official governors

stanley-fischer
Stanley Fischer

The US senate's confirmation of Stanley Fischer to the Federal Reserve's board of governors this week means he will be one of just three governors on a severely depleted board when Jeremy Stein departs the post next Wednesday, May 28.

As Stein returns to teach at Harvard University, the normally seven-strong Fed board will boast just three official members – including Fischer, the former Bank of Israel governor and prospective Fed vice-chair, whose seat on the board was confirmed by the US

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