Fed Vice Chairman Stanley Fischer resigns

Stanley Fischer, the vice chairman of the Federal Reserve, is resigning in October.

Fischer cited "personal reasons" in a letter to President Donald Trump on Wednesday.

"It has been a great privilege to serve on the Federal Reserve Board and, most especially, to work alongside Chair Yellen as well as many other dedicated and talented men and women throughout the Federal Reserve System," Fischer said in his resignation letter.

Fischer served at the Fed for three years.

More to come ...

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