Overview

• The Bank of Israel confirmed Fischer’s death on May 31 at age 81, and he was honored by President Isaac Herzog and Prime Minister Benjamin Netanyahu.
• As Governor of the Bank of Israel from 2005 to 2013, he guided the nation through the 2008 global financial crisis and established a six-member monetary policy committee.
• He was Vice Chair of the U.S. Federal Reserve from 2014 to 2017 and led IMF crisis interventions in countries including Mexico, South Korea and Brazil.
• As a longtime MIT professor, he mentored economists such as Ben Bernanke and Mario Draghi and co-authored the foundational textbook Macroeconomics.
• Born in Zambia with dual U.S.-Israeli citizenship, Fischer designed Israel’s 1985 stabilization program and later advised Citigroup and BlackRock.