Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

New maestro in town: Fischer takes seat at Fed

Stanley Fischer
Andrew Harrer | Bloomberg | Getty Images

The dynamic at the Federal Reserve may be about to change.

Stanley Fischer has been confirmed to join the board of governors, meaning he'll have a vote—and an important say—in monetary policy starting at the next meeting on June 17-18.

He still has to pass a vote confirming his position as vice chairman, the No. 2 spot under Chair Janet Yellen.

Fischer's presence is likely to change the shape of the Fed in a variety of ways.