Federal Open Market Committee

Fed’s Fisher: Credit Markets Have “STD” 

In surprisingly blunt remarks delivered to a group of NYU students Thursday, Federal Reserve Bank of Dallas president Richard Fisher explained his recent less-hawkish stance on monetary policy, which saw him vote in line with Fed chief Ben Bernanke and other FOMC members in the most recent decision on rates. Prior to that, Fisher had been vocal in calling for hikes to the federal funds target rate.