Though I have not agreed with many of the public statements Fischer, the Vice Chairman of the Fed, has made over the last few years, I was sorry to see that he has signed and delivered his letter of resignation, effective on or about October 13. His career has been one of meaningful achievement, most notably heading up the Bank of Israel and navigating the shekel through a time when it was tough to be a central banker and do the right thing. But that he did. The Israeli economy weathered the toughest portion of the Great Recession, and for that I am sure he has a grateful public.
I’d like to thank him for his efforts at the Federal Reserve and to wish him well in his future endeavors.