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Stanley Fischer, Former Fed Vice Chair and Bank of Israel Chief, Dies at 81

FILE PHOTO: Vice Chair of the U.S. Federal Reserve System Stanley Fischer arrives to hear Governor of the Bank of England Mark Carney delivering the Michel Camdessus Central Banking Lecture at the International Monetary Fund in Washington, U.S., September 18, 2017. Photo: REUTERS/Joshua Roberts/File Photo

Stanley Fischer, who helped shape modern economic theory during a career that included heading the Bank of Israel and serving as vice chair of the US Federal Reserve, has died at the age of 81.

The Bank of Israel said he died on Saturday night but did not give a cause of death. Fischer was born in Zambia and had dual US-Israeli citizenship.

As an academic at the Massachusetts Institute of Technology, Fischer trained many of the people who went on to be top central bankers, including former Federal Reserve Chairman Ben Bernanke as well as Mario Draghi, the former European Central Bank president.

Fischer served as chief economist at the World Bank, and first deputy managing director at the International Monetary Fund during the Asian financial crisis and was then vice chairman at Citigroup from 2002 to 2005.

During an eight-year stint as Israel’s central bank chief from 2005-2013, Fischer helped the country weather the 2008 global financial crisis with minimal economic damage, elevating Israel’s economy on the global stage, while creating a monetary policy committee to decide on interest rates like in other advanced economies.

He was vice chair of the Federal Reserve from 2014 to 2017 and served as a director at Bank Hapoalim in 2020 and 2021.

Current Bank of Israel Governor Amir Yaron praised Fischer’s contribution to the Bank of Israel and to advancing Israel’s economy as “truly significant.”

The soft-spoken Fischer – who played a role in Israel’s economic stabilization plan in 1985 during a period of hyperinflation – was chosen by then Finance Minister Benjamin Netanyahu and Prime Minister Ariel Sharon as central bank chief.

Netanyahu, now prime minister, called Fischer a “great Zionist” for leaving the United States and moving to Israel to take on the top job at Israel’s central bank.

“He was an outstanding economist. In the framework of his role as governor, he greatly contributed to the Israeli economy, especially to the return of stability during the global economic crisis,” Netanyahu said, adding that Stanley – as he was known in Israel – proudly represented Israel and its economy worldwide.

Israeli President Isaac Herzog also paid tribute.

“He played a huge role in strengthening Israel’s economy, its remarkable resilience, and its strong reputation around the world,” Herzog said. “He was a world-class professional, a man of integrity, with a heart of gold. A true lover of peace.”

The post Stanley Fischer, Former Fed Vice Chair and Bank of Israel Chief, Dies at 81 first appeared on Algemeiner.com.

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Surge of Antisemitic Incidents Rocks France Amid Growing Security Concerns

The Paris Holocaust Memorial, three synagogues, and a Jewish restaurant were all vandalized with green paint last weekend. Photo: Screenshot

France has been hit by a wave of antisemitic incidents in recent days, despite increased security at Jewish sites nationwide following last month’s antisemitic shooting in Washington, DC — prompting urgent calls from the country’s Jewish community for stronger government action amid growing fears of escalating violence.

On Friday, a French rabbi was violently assaulted by three drunken individuals in the town of Deauville, located in the Normandy region of northwestern France.

According to local police, Rabbi Eli Lemel — a prominent figure in French Jewry — was attacked around 3:30 pm by three men who approached him, repeatedly punched him in the stomach, and shouted antisemitic slurs.

French authorities have launched an investigation into the assault, but no arrests have been made so far.

After the incident, Lemel called on the Jewish community to draw spiritual strength amid the increasing hostility that Jews are facing across France.

“I’m deeply moved by the outpouring of support following the attack. Thank God, I’m okay,” the Jewish leader wrote in a post on X. “I was struck and verbally abused in a language I didn’t understand.”

In a separate incident, a 21-year-old man was arrested on Saturday after climbing a synagogue in the town of Conflans-Sainte-Honorine in north-central France, removing an Israeli flag from its façade, and attempting to set it on fire.

According to local media, the suspect — who was already known to authorities for prior offenses — confessed to committing the attack and admitted to being intoxicated at the time.

French police confirmed that the man is being charged with trespassing in a place of worship, theft by climbing, and causing damage to property on religious grounds.

The local Jewish community has voiced deep concern following this incident, viewing it as part of a broader surge in hostility targeting Jewish institutions across France.

Sandrine Dos Santos, the city’s mayor, expressed “[her] solidarity, as well as that of the city, toward the Jewish community directly targeted by these unacceptable antisemitic acts.”

“Faced with the increase in violence, our commitment against discrimination remains unwavering and will not waver. We repeat it loud and clear: no form of racism or rejection of others has a place in Poissy,” the French leader said.

In a separate incident on Saturday, three Serbs were arrested near Antibes in southeastern France, suspected of painting several Jewish community buildings green in Paris — an act currently under investigation as possible foreign interference.

Last weekend, the Paris Holocaust Memorial, three synagogues, and a Jewish restaurant were all vandalized with green paint in an incident denounced by the French government.

On Monday, an elementary school in Lyon, east-central France, was set on fire and defaced with antisemitic and pro-Palestinian slogans, as well as swastikas, marking one of the latest antisemitic incidents to impact France in recent days.

As the school had no direct connections to the Jewish community, local police have launched an investigation to determine the motive behind the attack.

French authorities reported that the fire was limited to the outdoor bathrooms, causing no significant damage to the school. They also found antisemitic graffiti and swastikas in three classrooms.

Yonathan Arfi, president of the Representative Council of Jewish Institutions of France (CRIF), denounced the attack, saying that “the Palestinian cause is used as justification for burning down a school” and that the “Nazification of Israel serves as fuel for crass antisemitism.”

“When a populist pro-Palestinian narrative is allowed to take hold, it is French Jews who ultimately pay the price,” Arfi wrote in a post on X. “The twisted use of the Palestinian cause is turning into a rallying cry of hatred against both Jews and the Republic itself.”

Beyond France, other European countries have also experienced a surge in antisemitic incidents in recent weeks.

On Monday, several headstones were vandalized at a Jewish cemetery in a suburb of Belgrade, located in north-central Serbia, marking the second such incident in the country in recent weeks.

The post Surge of Antisemitic Incidents Rocks France Amid Growing Security Concerns first appeared on Algemeiner.com.

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US Vetoes UN Security Council Demand for Gaza Ceasefire

Smoke rises from Gaza after an explosion, as seen from Israel, June 4, 2025. Photo: REUTERS/Amir Cohen

The United States vetoed a UN Security Council demand on Wednesday for an “immediate, unconditional, and permanent ceasefire” between Israel and Palestinian terrorist group Hamas in Gaza and unhindered aid access across the enclave.

“The United States has been clear we would not support any measure that fails to condemn Hamas and does not call for Hamas to disarm and leave Gaza,” Acting US Ambassador to the UN Dorothy Shea told the council before the vote.

“This resolution would undermine diplomatic efforts to reach a ceasefire that reflects the realities on the ground, and embolden Hamas,” she said of the text that was put forward by 10 countries on the 15-member council.

The remaining 14 council members voted in favor of the draft resolution.

Israel has rejected calls for an unconditional or permanent ceasefire, saying Hamas cannot stay in Gaza. It has renewed its military offensive in Gaza – also seeking to free hostages held by Hamas – since ending a two-month ceasefire in March.

The war in Gaza has raged since 2023 after Hamas terrorists killed 1,200 people in Israel in an Oct. 7 attack and took some 250 hostages back to the enclave.

The post US Vetoes UN Security Council Demand for Gaza Ceasefire first appeared on Algemeiner.com.

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Trump Picks Lawyer Who Called Oct. 7 Attack a ‘Psyop’ to Lead Federal Watchdog Agency

Paul Ingrassia (Source: Youtube- AMAC - Association of Mature American Citizens)

Paul Ingrassia. Photo: Screenshot

Paul Ingrassia, a 29-year-old lawyer who was recently nominated by US President Donald Trump to lead a federal agency dedicated to combating corruption and protecting whistleblowers, seemingly dismissed the Hamas-led Oct. 7, 2o23, invasion of and massacre across southern Israel as a “psyop,” or “psychological operation, in resurfaced social media posts. 

“This ‘war’ is yet another psyop to distract Americans from celebrating Columbus Day,” Ingrassia wrote on X/Twitter on Oct. 8, 2023. 

“I think we could all admit at this stage that Israel/Palestine, much like Ukraine before it, and BLM before that, and covid/vaccine before that, was another psyop,” he posted a week later. “But sadly, people fell for it. And they’ll fall for the next one too.”

On the actual day of the Oct. 7 massacre, Ingrassia compared illegal immigration into the US to the Hamas-led onslaught.

“The amount of energy everyone has put into condemning Hamas (and prior to that, the Ukraine conflict) over the past 24 hours should be the same amount of energy we put into condemning our wide open border, which is a war comparable to the attack on Israel in terms of bloodshed — but made worse by the fact that it’s occurring in our very own backyard,” he posted. “We shouldn’t be beating the war drum, however tragic the events may be overseas, until we resolve our domestic problems first.”

Trump announced last week that he picked Ingrassia to serve as head of the US Office of Special Counsel, a position that requires confirmation by the Senate.

The Office of Special Counsel is an independent federal ethics agency that works to ensure fairness and accountability within the government. Ingrassia’s role, if he is confirmed, would involve investigating claims of wrongdoing, such as retaliation against whistleblowers or improper political activity in the workplace. The official can recommend disciplinary action and reports serious findings to Congress, helping to protect federal employees and uphold the integrity of the civil service system.

Ingrassia also maintains a relationship with and defends alleged sex trafficker Andrew Tate, who has promoted antisemitic conspiracy theories on social media. Tate wrote on X/Twitter that he refuses to “listen to women, Mexicans, or Jews” and that Jewish people are “subverting Western populations into mass genetic suicide” by advancing what he described as misguided immigration policy. Tate has also accused Israel of committing a “genocide” in Gaza against Palestinians and engaged in Holocaust denialism. 

The furor surrounding Ingrassia is the latest dustup the Trump administration has had regarding controversial personnel and antisemitism.

The Trump administration’s appointment of Kingsley Wilson as deputy press secretary at the Department of Defense also sparked widespread criticism due to her history of promoting antisemitic conspiracy theories and extremist views. Wilson, formerly associated with the Center for Renewing America, has a documented history of social media posts endorsing white supremacist ideologies, including claims about the 1915 lynching of Leo Frank — a Jewish man whose wrongful conviction and subsequent murder galvanized the founding of the Anti-Defamation League. In 2023, she tweeted that Frank “raped & murdered a 13-year-old girl,” a statement aligning with neo-Nazi narratives.

Late last month, the Pentagon announced that Wilson will be promoted and serve as the department’s new press secretary.

The post Trump Picks Lawyer Who Called Oct. 7 Attack a ‘Psyop’ to Lead Federal Watchdog Agency first appeared on Algemeiner.com.

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