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The US President, has nominated former Bank of Israel Governor Stanley Fischer as vice chairman of the Federal Reserve.  He will take over from Janet Yellen, who becomes the first female chairman of the central bank when Ben Bernanke's term finishes at the end of the month.  The appointment comes as the central bank starts to withdraw its historic stimulus.  Mr Fischer is regarded as one of the world's most prominent monetary economists and has taught many top economist, including Mr Bernanke and European Central Bank President Mario Draghi.   "Stanley Fischer brings decades of leadership and expertise from various roles, including serving at the International Monetary Fund and the Bank of Israel," Mr Obama said in a statement.   "He is widely acknowledged as one of the world’s leading and most experienced economic policy minds and I’m grateful he has agreed to take on this new role and I am confident that he and Janet Yellen will make a great team."   As second-in-command at the International Monetary Fund from 1994-2001, Mr Fischer played a key role in battling the Asian financial crisis. Before that he was chief economist at the World Bank. Mr Fisher, who has both US and Israeli citizenship, was more recently was credited with helping Israel safely navigate the 2007-2009 financial crisis. He stepped down as governor of the Bank of Israel in June, three years into his second five-year term. Mark Carney, Bank of England Governor, said in a statement: "I am delighted by the prospect of Stan Fischer re-joining the global community of central bankers. I had the enormous privilege of working closely with him when Governor of the Bank of Canada and as chairman of the Financial Stability Board. I have found Stan to be an immense source of insight and wisdom on issues ranging from crisis management to the conduct of monetary policy and the reform of the global financial system."  Mr Obama also nominated Lael Brainard, who recently served as the Treasury Department's top official for international affairs, to serve on the Fed board and Fed Governor Jerome Powell to a new term on the board ending in 2028.