Fed's Departing Vice Chair On Stocks, The Federal Debt And Transparency
Stanley Fischer says that despite record highs in the stock market — boosted by the Fed's low interest rates — he doesn't see a bubble. But he says the U.S. debt could be a problem if rates go up.
Stanley Fischer is resigning early as vice chair of the Federal Reserve after three years at the central bank. His term was set to expire next June. Before becoming second in command to Fed Chair Janet Yellen, the former MIT economics professor served as head of the Bank of Israel and as a top official at the International Monetary Fund, the World Bank and Citigroup.
