Richard W. Fisher

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Richard Fisher
RFisher.jpg
Occupation Chief Executive
Employer Federal Reserve Bank of Dallas
Location Dallas, Texas USA
Website dallasfed.org

Richard Fisher took office on Apr. 4, 2005, as the eleventh chief executive of the Eleventh District Federal Reserve Bank of Dallas.

Throughout his career, Fisher has served on numerous for-profit and not-for-profit boards. He has also maintained his academic interests, teaching graduate courses and serving on several university boards. He was a Weatherhead Fellow at Harvard in 2001, is an honorary fellow of Hertford College at Oxford University, and is a fellow of the American Academy of Arts and Sciences.

On March 3, 2010, Fisher spoke to the Council of Foreign Relations in New York about breaking up banks that are "too big to fail." He admits his views may be radical but hopes for an international agreement to break up giant banks into more manageable entities. [1]

Background

Fisher began his career in 1975 at the private bank of Brown Brothers Harriman & Co., where he specialized in fixed income and foreign exchange markets. He became assistant to the Secretary of the Treasury during the Carter administration, working on issues related to the dollar crisis of 1978-79. He then returned to Brown Brothers to found their Texas operations in Dallas.

In 1987, Fisher created Fisher Capital Management and a separate funds-management firm, Fisher Ewing Partners. He sold his controlling interests in both firms when he rejoined the government in 1997.

From 1997 to 2001, Fisher was deputy U.S. trade representative with the rank of ambassador. He oversaw the implementation of NAFTA; negotiations for the Free Trade Area of the Americas; and various agreements with Vietnam, Korea, Japan, Chile, and Singapore. He was a senior member of the team that negotiated the bilateral accords for China's and Taiwan's accession to the World Trade Organization. Fisher is former vice chairman of Kissinger McLarty Associates, a strategic advisory firm chaired by former Secretary of State Henry Kissinger.

Education

A first-generation American, Fisher is equally fluent in Spanish and English, having spent his formative years in Mexico. He attended the U.S. Naval Academy (1967-69), graduated with honors from Harvard University in Economics (1971), read Latin American politics at Oxford (1972-73), and received an MBA from Stanford University (1975).[2]

References

  1. Dallas Fed chief calls for break up of "too big to fail" banks in New York Speech. Dallas News.
  2. Board of Governors of the Federal Reserve System. Federal Reserve.