New York Sun: Richard Fisher's next job?

From the New York Sun
Wednesday, February 11, 2015

The outgoing president of the Dallas Fed has managed to pack into his interview this morning with the Wall Street Journal more intelligent talk about reform than we've heard from the central bank in the entire great recession. Richard Fisher, who has earned a reputation as an inflation hawk, hasn't yet -- we retain hope -- endorsed the kind of Fed audit for which the House of Representatives has twice voted and the Senate is considering. But he wants to reallocate power on the Federal Open Market Committee. ...

There's a bit of gamesmanship going on here, in that -- as Mr. Fisher marks in a straightforward way -- his reform ideas are also an effort to head off agitation in Congress for an audit of the Fed that would go beyond the typical audit of the books, which the Fed has always had, to encompass its policy making and international entanglements. "Mr. Fisher believes the real aim is to exert political influence over monetary policy," Mr. Freeman writes. Or, as we would put it: Confound our blasted democracy. ...

... For the full commentary:

http://www.nysun.com/editorials/richard-fishers-next-job/89045/