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Stanley Fischer, Vice Chairman of the U.S. Federal Reserve, on Wednesday submitted his resignation for "personal reasons", adding another vacancy in the Fed's seven-member board.
Nominated by President Barack Obama, Fischer worked with Chairman Janet Yellen to lift the USA out of the financial crisis and recession through a strategy involving low interest rates and money printing.
"During my time on the Board, the economy has continued to strengthen, providing millions of additional jobs for working Americans", Fischer wrote. He also said he was proud to have made the financial system stronger and more resilient after the financial crisis. His unexpected departure adds to a leadership vacuum at the top of the Fed as it navigates a hard path. Trump's first Fed nominee, Randal Quarles as vice chairman of banking supervision, is expected to be approved by the Senate Banking Committee on Thursday, and he is likely to clear the full Senate soon thereafter.
Last month, Yellen spoke at the annual Jackson Hole Symposium, the year's top meeting of central bankers and economists from around the world, and gave an ardent defense of the US government and the Fed's regulatory response to the financial crisis.
Fischer, a respected 73-year-old economist and former head of Bank of Israel, has joined the Fed board since May 2014 and served as chairman of the board's committee on financial stability.
Goodfriend, 66, worked for more than 20 years at the Richmond Fed and is seen as a leading hawkish voice on monetary policy.
Last month in an interview, Trump said he was considering either re-nominating Yellen for a second term as Fed chair or replacing her. He also did stints at Citigroup, the International Monetary Fund and the World Bank.
Reports have indicated that Yellen and Trump's chief economic advisor Gary Cohn, formerly the president and COO at Goldman Sachs (GS), are the top two candidates for the role.
Fed Chair Janet Yellen said Fisher would be missed.
The deal is part of a cease-fire agreement along the Lebanon-Syria border between Lebanon's army and Hezbollah, and Syria's army. Hezbollah is considered a terrorist organization by the United States and other Western nations, as well as the Arab League.
If these are plentiful, as astronomers theorize, they could merge at the center of a galaxy to form a supermassive black hole . The similarities could indicate the existence of a mid-sized black hole , the researchers say.
In any case, when he shows up on the field, he'll be paid $12.1 million dollars thanks to the the NFL's franchise-tag option. Until the offseason, Bell's focus will be helping Pittsburgh pound its way toward what it hope is another championship.
The new processor will, therefore, be similar to Qualcomm's Snapdragon 835 and Samsung's Exynos 8895 chipsets. Bernstein, said that Huawei's new chip may be better than the chips for the new iPhone range.
County Vector Control District noted in a marked increase in West Nile virus activity in the San Fernando Valley. Also, one horse has tested positive for Eastern Equine encephalitis virus in Wexford County.
More than 400 Hindus from Rakhine have also crossed into Bangladesh, after armed men attacked their village, killing and looting. Bangladesh has recently stopped thousands of Rohingyas on the border, saying it is no longer capable of hosting the refugees.
Xiaomi has been dropping breadcrumbs around social media about the Mi Mix 2's design leading up to its official unveiling. When it comes to the launch date of the device, Xiaomi is said to unveil the Mi 7 sometime in the first quarter of 2018.
Meeting late on Tuesday in NY , the council called the launch " outrageous " and demanded North Korea cease all missile testing. The two leaders are expected to discuss the possibility of further sanctions on North Korea , May's office said.
Venus continues her renaissance
She had begun practicing with "soft balls from the net" and it had felt "very, very weird", as she put it in France. She will now face an American challenge in Sloane Stephens in the semifinals.
Moon Says This Is No Time for Talks with N.Korea
Defense Secretary Jim Mattis on Sunday said the US will answer any threat from the North with a "massive military response". A THAAD battery normally consists of six launchers, but only two have been operational so far at the site in rural Seongju.
Celtics and Cavs complete Kyrie Irving trade
Thomas, meanwhile, is in his previous year of contract with the Celtics . "Me leaving there wasn't about basketball", he said. The Celtics formally introduced Irving and fellow summer acquisition Gordon Hayward on Friday at TD Garden.
It's a Breakthrough Cancer Drug-And It'll Cost You
For one, the treatments would have to treat more types of cancer than the one Kymriah was approved for on Wednesday. Shares of Bluebird Bio Inc, which is developing a promising CAR-T treatment, were up 11.1 percent at $113.73.
LG launches V30 at IFA 2017: Here are the specs and features
Voice recognition can also be used to unlock the device, or users can also choose to unlock their V30 with a fingerprint sensor . The V30 is IP68 water-resistant, meaning that it can withstand immersion in up to 1.5 meters of water for up to 30 minutes.
How high gas prices rise depends on state of refineries
Energy Information Administration, the Gulf of Mexico amounts to almost a fifth of the United States' total crude oil production. Areas in California and their current gas price climate: Stockton- $2.85/g, up 2.6 cents per gallon from last week's $2.83/g.
Did Kim Jong Un's Wife Secretly Have A Third Child?
Pregnancy rumors of the first lady of the DPRK appeared a year ago because she did not appear publicly for nine months. For the first child, however, there is no public information yet about what it is and what is its name.
Samsung Gear Fit2 Pro hands-on review
You just need to make sure you have a compatible Samsung smartphone (Note 8, S8 or S8+) to make the Bixby magic happen, though. It's smaller than the Gear S3 , too, which is nice for anyone that thought Samsung's last smartwatch was a little too bulky.
Dara Khosrowshahi, the new Uber chief
In an email to Expedia staff, Khosrowshahi said he was "scared" and had "forgotten what life is outside of this place [Expedia]". Whitman said last week on Twitter she hadn't even considered leaving her role: "We have a lot of work still to do at HPE".