Richard Fisher
Richard Fisher served as the 12th President of the Federal Reserve Bank of Dallas. He held the position from April 2005 through March 2015 and during this time was described as the Fed's resident truth-teller. Fisher focused the work on prominent economic policy issues. He has positioned the Dallas Fed at the forefront of the debate on financial institutions, advocating for an environment that allows the largest banks to fail and returns market discipline to the banking system. Fisher has also maintained his academic interests, teaching graduate courses and serving on several university boards.
Richard Fisher Professional Experience / Academic History
Professional Experience
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President and Chief Executive Officer
Academic History
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BS in Accounting and Finance
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Master of Business Administration (MBA)
PERSONAL LIFE
- Fisher was born in Los Angeles, California.
- He spent his childhood years in Southern California, Mexico City, and Miami, Florida.
- He is a first-generation American, the son of an Australian father and a South African mother.
- He is equally fluent in Spanish and English, having spent his formative years in Mexico.
EARLY CAREER
- Fisher began his career in 1975 at 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 to 1979.
- He created Fisher Capital Management and Fisher Ewing Partners in 1987, selling his controlling interests in both firms when he rejoined the government in 1997.
- While Deputy United States Trade Representative, he oversaw the implementation of NAFTA 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 served as a member of the Federal Open Market Committee, the Federal Reserve’s principal monetary policymaking group.
- He served as the chair of the Conference of Federal Reserve Bank Presidents, the body that oversees the shared operations of the 12 Federal Reserve Banks.
- He served as chair of the IT Oversight Committee for the 12 Federal Reserve banks, putting in place the first system-wide CIO structure.
CURRENT APPOINTMENTS
- Honorary Fellow of Hertford College at Oxford University
- Fellow of the American Academy of Arts and Sciences
- Trustee of American Institute for Contemporary German Studies
- Trustee of the American Council on Germany
- Trustee of the John Tower Institute at Southern Methodist University
- Trustee of Southwestern Medical Foundation at the University of Texas
AWARDS AND RECOGNITIONS