Fed Bank President Criticizes Recent Republican Letter to Fed
By Peter Barnes
Published September 30, 2011
| FOXBusiness
Reuters
DALLAS – A top Federal Reserve official Friday called a recent letter from Republican leaders critical of central bank policy inappropriate and ineffective.
The leaders sent the letter to the Fed on September 19, the day before its latest policy meeting. The letter advised Fed members to ”resist further extraordinary intervention in the U.S. economy."
"It had no impact on me or any of my colleagues," Richard Fisher, president of the Federal Reserve Bank of Dallas, said in an interview with FOX Business. "I don't think it's appropriate. It's just like us telling them the specifics of fiscal policy. And I do think that it’s uncalled for."