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MADem

(135,425 posts)
1. "Lukewarm!"
Tue Jan 14, 2014, 06:24 AM
Jan 2014
Elizabeth Warren lukewarm on Stanley Fischer as Fed vice chairman


....That’s not a hard “no” on Fischer from Warren, but it’s cause for concern. Opposition from Warren and other liberal senators helped sink Larry Summers’ prospects for running the central bank. He withdrew from consideration in September, and the job ultimately went to Janet Yellen.

In the Bloomberg TV interview, scheduled to air Friday night, Warren sounds more concerned about the Fed than Fischer himself. The 70-year-old Fischer, a dual U.S. and Israeli citizen, was most recently governor of the Israeli central bank.

Obama will nominate Fischer to the post later Friday, reports said.

“This is a hard time right now for the Federal Reserve,” Warren says about the Fed. “Right now, the Fed just has very limited tools with monetary policy. And it keeps playing kind of the – working with the one tool that it’s got.”

Asked whether she likes Fischer, her reply is: “I want to – I want to be hopeful that Fischer’s going to work in the right direction. I am not sure.”

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