Stanley Fischer has announced he is leaving the Federal Reserve in the middle of October 2017.
Of all the things going on in the world today, this coming departure disturbs me about as much as anything going on.
Mr. Fischer provided, in my mind, intelligence, common sense, compatibility, and all around solid characteristics. He was a strong foundation in all the turmoil going on in the world.
Mr. Fischer and I came from different schools of economic thought, but his research was excellent, well thought-out and inclusive. Even when one disagreed with him, it was important to understand what he produced. One could always learn something from him.
