President and Chief Executive
Officer
Federal Reserve Bank of Dallas
Richard W. Fisher assumed the
office of president and CEO of the Federal Reserve Bank
of Dallas on April 4, 2005. In this role, Fisher serves
as a member of the Federal Open Market Committee, the
Federal Reserve’s principal monetary policymaking
group.
Fisher is former vice chairman
of Kissinger McLarty Associates, a strategic advisory
firm chaired by former Secretary of State Henry Kissinger.
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.
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.
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 M.B.A. from Stanford University (1975).
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