Stanley Fischer (Hebrew: סטנלי פישר; born October 15, 1943) is an Israeli-American economist who served as the 20th vice chair of the Federal Reserve from 2014 to 2017.

[19] He previously served as First Deputy Managing Director of the International Monetary Fund and as Chief Economist of the World Bank.

When he was 13, his family moved to Southern Rhodesia (now Zimbabwe), where he became an active member of Habonim, a Labor Zionist youth movement.

In 1960, he visited Israel as part of a winter program for youth leaders, and studied Hebrew at kibbutz Ma'agan Michael.

He had originally planned to study at the Hebrew University of Jerusalem, but instead accepted a scholarship to attend the London School of Economics in the United Kingdom, where he received B.Sc.

Fischer then went on to graduate study at the Massachusetts Institute of Technology, where he received a Ph.D. in economics in 1969 with a thesis titled Essays on Assets and Contingent Commodities, written under the supervision of Franklin M.

In 1977, Fischer wrote the paper Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule,[24] where he combined the idea of rational expectations argued by new classical economists such as Robert Lucas with the idea that price stickiness still led to some degree of market shortcomings, and so argued that an active monetary policy could help mitigate problems in times of economic downturn.

He also mentored and helped advise the Ph.D. theses authored by economists Ben Bernanke, Mario Draghi, and Greg Mankiw.

[41] American President Barack Obama nominated Fischer to the position of Vice Chair of the Federal Reserve, the United States' central bank, in January 2014.

In nominating Fischer for the position, Obama stated he brought "decades of leadership and expertise from various roles, including serving at the International Monetary Fund and the Bank of Israel.

He also appears to have attended the Bilderberg Group’s conference in 2011 in St. Moritz, Switzerland,[48] though (as of March 2016) his name does not show up on the list of participants for the year 2011.