Stanley Fischer to Replace Bernanke?

The Washington Post thinks it is a possibility.

Dylan Matthews’ excellent piece — run don’t walk to read — speculates on the  former:  1) MIT/University of Chicago professor;  2)  Ben Bernanke Ph.D. adviser;  2)  World Bank chief economist;  3)  IMF chief economist;   4) Vice Chairman of Citigroup; and 4) outgoing Bank of Israel governor,

His former advisee Bernanke will end his term as Fed chair in January 2014. Could the teacher follow the student? Could Fischer move from Jerusalem to Washington? It’s not as crazy as it may sound; the market for top central bankers is increasingly global, most vividly illustrated by the November selection of Bank of Canada governor Mark Carney to lead the Bank of England. In this post-crisis era, the job of a central banker requires someone who is simultaneously a brilliant economist, regulator, diplomat and politician. Among Fed watchers, there is quiet, off-the-record talk that that person might be Fischer.

If only!   God, we hope so.   And the markets would love it.

Intense speculation will begin this summer over Chairman Bernanke’s replacement as his second term ends comes to an end.   Matthews notes that President Obama “would probably want to name his replacement by fall.”

The article is an excellent background piece on Stanley Fischer,  the man who steered the global economy through the Mexican Peso Crisis,  Asian Financial Crisis,  Russian Debt Default,  and the collapse of LTCM all within the short period of 1995-98 period.  Run don’t walk.   Click here.

(click here if picture is not observable)