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Fischer, the Fed, and US Growth. Jeffrey Frankel, December 23, 2013, Opinion. "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. During his academic career, Fischer was one of the most accomplished scholars of monetary economics. He then served as Chief Economist of the World Bank, First Deputy Managing Director at the International Monetary Fund..." Link verified March 28, 2014