Free Republic

A Republican and a Democratic senator have called on the Federal Reserve and the publisher of a foreign policy magazine to provide more details on 2015 meetings involving senior U.S. financial officials, a Russian central bank official, and Russian spy Maria Butina. Now, Senate Finance Committee Chairman Chuck Grassley R-Iowa, and the top Democrat on that panel, Sen. Ron Wyden, D-Ore., want more information. The meetings involved Butina, now-former Russian Central Bank Deputy Governor Alexander Torshin, former Federal Reserve Vice Chairman Stanley Fischer, and former Treasury Undersecretary for International Affairs Nathan Sheets. They were reportedly arranged by the Center for...

Federal Reserve vice chair Stanley Fischer is resigning from his post at the central bank effective in mid-October, the Fed announced Wednesday. Fischer cited “personal reasons” in his resignation letter to President Donald Trump. Fischer’s term as vice chair was slated to end on June 12, 2018. “It has been a great privilege to serve on the Federal Reserve Board and, most especially, to work alongside Chair [Janet] Yellen as well as many other dedicated and talented men and women throughout the Federal Reserve System,” Fischer wrote.

As Paul Wolfowitz battles to keep his position as president of the World Bank after a nepotism scandal, speculation mounts that the U.S. may lose its hegemony over appointing the poverty-fighting institution's leader. More - that perhaps it should stop appointing Americans. The Wall Street Journal became the second publication of repute to suggest Stanley Fischer for the position. His isn't the first name the paper suggests, but it makes a case that he's unique, in being a non-American born American that the member coutries of the World Bank might find "less divisive". The first was the London-based weekly The...