During his two decades at MIT, Stanley Fischer helped educate both the future heads of the Federal Reserve and the European Central Bank. As Israel’s central bank chief, he’s steering toward the U.S. model.
Fischer’s dual focus on employment and growth alongside price stability resembles the Fed’s and has marked a shift at the Bank of Israel, where previous governors placed an ECB-style emphasis on inflation. It’s among a raft of changes that the 69-year-old, Zambian-born economist has introduced during almost eight years in charge, after earlier jobs as No. 2 at the International Monetary Fund and vice-chairman at Citigroup Inc.
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