Professor Stanley Fisher passed away at the age of 81. One of the world’s most outstanding economic figures, Fisher served as governor of the Bank of Israel from 2005 to 2013.
As head of Israel’s central bank, he protected Israel’s exports by supporting sharp interest rate cuts, quantitative easements, and large-scale purchases of foreign currency, as well as Israel’s exports.
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Glove selected Fisher as the Israeli economy’s most representative figure of the year in 2010. In 2014 he returned to the United States and was appointed vice-chairman of the Federal Reserve by President Barack Obama.
Fischer was born in a British colony in northern Rhodesia in 1943 and became Zambia when he gained independence. He received his PhD degree from the London Faculty of Economics. As MIT in 1969, under the guidance of Nobel Prize winners Paul Samuelson and Robert Thoreau. A professor at MIT, he served as a guest researcher at Hebrew University in Jerusalem.
He served as an advisor to the Israeli government in the 1980s, dealing with triple-digit annual inflation and cutting. In 1994, Fisher was appointed vice-president of the International Monetary Fund (IMF), and later became vice-president of Citibank.
Fisher is survived by three children and nine grandchildren.
Published by Globes, Israel Business News – En.globes.co.il – June 1, 2025.
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