Wall Street observer and former investment banker Robert Lenzner said in a contributor article published on Forbes newsmagazine that Stanley Fischer as a vice chair of the US Federal Reserve would be a perfect choice. Claiming to know and is a fan of Fischer's wisdom, Lenzner said the American-Israeli economist and the former chief economist at the World Bank could add his experience to retain the stability of US'monetary policy as he is said to be familiar with the absolute requirement to avoid another financial crisis.

Lenzner wrote, "This appointment will strengthen the positive attitude of financial markets as Fischer is a strong asset for Yellen, and influential with other local Fed presidents as well as Finance Ministers and Central Bankers around the globe."

Aside from World Bank, Fischer previously worked at the International Monetary Fund (IMF) as its First Deputy Managing Director. Fischer also logged in working experience at a high-profile financial advisory body based in Washington called the Group of Thirty and Citigroup. Fischer was also the governor of the Bank of Israel and resigned on June 30 in the middle of his second term.

Lenzner deduced that Fischer as vice chair will support a gradual reduction of the monthly bond purchases. He said that the Fed could reduce a slight $10 billion and will be observing the market of any volatile patterns as a result of the bond purchases reduction. He also believed that Fischer will not support any drastic decisions that will startle the market and might conduct tests to know what the direction of the interest rates are to ensure that that cost of money will not kill the US economy's recovery. Lenzner is confident that Fischer will be very conservative with his approaches.

"In Israel, Fischer managed the value of the Israeli currency in such a way as to encourage exports as well as growth in the technology sector. It is also helpful that he is known to have a high regard for Janet Yellen, whom he views as a quite serious, down-to-earth practical economist who will be extraordinarily on the case. So will Fischer. This is his chance to be of use to the United States, and you can be sure he will make the most of it," Lenzner said of the potential Fed vice chair candidate.