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Richard Fisher

White House 'Terribly Mishandled' Big Move, Official Says

Reuters | Posted 11.23.2013 | Politics

(Corrects name of bank association in 2nd paragraph) By Ann Saphir SAN ANTONIO, Sept 23 (Reuters) - The White House has ...

President Obama Should Nominate Larry Summers Just for the Spectacle of It All

David Paul | Posted 10.05.2013 | Politics
David Paul

In a world where D.C. politics have ground to a dysfunctional halt, where the Euro continues to struggle on the precipice of failure, and where the growth rate of China is grinding downward, the head of the Fed has become a figure of global importance.

Shahien Nasiripour

JPMorgan Chase, Wells Fargo Report Record Profits As Lending Remains Constrained

HuffingtonPost.com | Shahien Nasiripour | Posted 04.12.2013 | Business

BOSTON -- JPMorgan Chase and Wells Fargo, two of the biggest US banks by assets, kicked off Wall Street’s earnings season on Friday by reporting rec...

Jamie Dimon and Lloyd Blankfein Own the Senate. When Will America Stop Bickering and Wake Up?

David Paul | Posted 06.03.2013 | Politics
David Paul

Perhaps the greatest success of the bank lobby has been its success in pitting the right and the left against each other to undermine a broader understanding that the status quo is neither in the public interest nor necessary for an effective financial system.

Fed President: Too-Big-To-Fail Banks Need To Be Broken Up

Reuters | Posted 05.16.2013 | Business

(Adds details from speech) By Pedro Nicolaci da Costa NATIONAL HARBOR, Md., March 16 (Reuters) - The largest U.S. banks...

Top Fed Official: We're Giving Big Banks An 'Unfair Subsidy'

Reuters | Posted 08.28.2012 | Business

By Jonathan Weber ASPEN, Colorado June 28 (Reuters) - Large financial firms that have grown even bigger since the fina...

One Fed President's Radical Idea To Punish Banks

The Huffington Post | Mark Gongloff | Posted 05.01.2012 | Business

Dallas Federal Reserve President Richard Fisher delivered a May Day gift to Occupy Wall Street. Fisher, who has argued repeatedly for the end of to...

NASA Mission To The Sun Due To Launch In 2018

The Los Angeles Times | Amina Khan | Posted 03.12.2012 | Science

The chest-high rack of electronics Justin Kasper is assembling in a Massachusetts office park will fit in a shoe box before he's done. It won't be ...

William Alden

Federal Reserve's Stimulus Pledge Misses The Point, Fed Official Says

HuffingtonPost.com | William Alden | Posted 10.17.2011 | Business

NEW YORK -- As the Federal Reserve attempts to stimulate the economy and avert a new recession, one of the central bank's most basic tools isn't worki...

Shahien Nasiripour

Federal Reserve Risks Being Seen As Constantly Bailing Out Traders, Fed Official Says

HuffingtonPost.com | Shahien Nasiripour | Posted 10.17.2011 | Business

NEW YORK -- Investors will likely view the Federal Reserve's recent decision to keep short-term lending rates near zero for the next two years as part...

Global Central Banks Face An Essential Revolution

Reuters | Paul Carrel, Mark Felsenthal, Pedro da Costa, David Milliken and Alan Wheatley | Posted 05.25.2011 | Business

By Paul Carrel, Mark Felsenthal, Pedro da Costa, David Milliken and Alan Wheatley FRANKFURT/WASHINGTON - On a warm, Lisbon day last May, Jean-Clau...

Bernanke: Dodd-Frank Should 'Level Playing Field' For Small Banks

Reuters | Dave Clark | Posted 05.25.2011 | Business

SAN DIEGO - New financial regulatory reforms should help reduce the edge that large banks have over smaller ones because of their implicit support f...

U.S. Recovery Gaining Traction, Fed Officials Say

Reuters | Kim Palmer and Sakari Suoninen | Posted 05.25.2011 | Business

AKRON, Ohio/FRANKFURT - The U.S. recovery is gaining traction, two top Federal Reserve officials said on Tuesday, though they differed on the risks ...

The Fed Works... for Chinese Workers

Dylan Ratigan | Posted 05.25.2011 | Business
Dylan Ratigan

It is the committee of American central bankers who decide who gets money, and who doesn't. And it's been quite a long time since they decided in favor of American workers instead of Wall Street and China.

Top Fed Official: We Need Help To Save The Economy

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The Federal Reserve can't save the economy without help from other parts of the government, Federal Reserve Bank of Dallas president Richard Fisher sa...

Shahien Nasiripour

Banks Keep Derivatives Units, Volcker Rules Softened

HuffingtonPost.com | Shahien Nasiripour | Posted 06.25.2010 | Business

This report was updated Friday at 10:25 a.m. ET and on Monday at 2:45 p.m. ET (see below). After nearly 20 hours over two final days filled with back...

Shahien Nasiripour

St. Louis Fed Chief Calls For Megabanks To Be Broken Up, Joins Other Top Fed Officials

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A third top Fed official is calling for megabanks to be broken up. James Bullard, president and chief executive of the Federal Reserve Bank of St. Lo...

Shahien Nasiripour

Another Top Fed Official Calls For U.S. To Break Up Megabanks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Referring to the danger posed by megabanks as one that's able to spread "debilitating viruses throughout the financial world," a second top Federal Re...

Shahien Nasiripour

Obama's Treasury Dept Working To Defeat Derivatives Proposal 'Of Utmost Importance' To Reforming Wall Street

HuffingtonPost.com | Shahien Nasiripour | Posted 06.14.2010 | Business

A Senate proposal to force banks to shed their lucrative yet risk-laden derivatives units -- which is vehemently opposed by Wall Street -- is gaining ...

Shahien Nasiripour

Regional Fed Chiefs Lining Up To Support Tough Derivatives Provision, Obama Admin. Still Opposed

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Another top Federal Reserve official offered his support this week to a Senate provision that would force megabanks to spin off their lucrative and ri...

Senior Fed Official: White House Is Dead Wrong

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

If the legislation currently being debated by the legislature is not real financial reform (and it is not, according to Fisher), then our current policy trajectory amounts to facilitating further rounds of financial dementia.

Shahien Nasiripour

Richard Fisher, Top Fed Official: Too Big To Fail Lives On, Only Way Out Is To Shrink Megabanks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A top Federal Reserve official blasted the Senate's financial reform bill Thursday night, arguing that it does little to end the perception that megab...

Dallas Fed President: Break Up Big Banks

James Kwak | Posted 05.25.2011 | Business
James Kwak

Seen in an abstract light, we can have no assurance that any new regulations will actually work to prevent a financial crisis or defuse one, so the safer option is to break up the big banks.

Richard Fisher, Dallas Fed President, Urges New Pact To Break Up Big Banks

bloomberg.com | Scott Lanman and Michael McKee | Posted 05.25.2011 | Business

March 3 (Bloomberg) -- Federal Reserve Bank of Dallas President Richard Fisher called for an international pact to break up banks whose collapse would...

Four Words Obama Will Never Say

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

Americans must hope that the Obama administration is honest with the people and makes some difficult choices early in his tenure to deal with our growing annual deficits and long term debt.