#CPAC2013 Profile: Richard W. Fisher

Richard W. Fisher made a splash this year at CPAC. Fisher is most known for being President and CEO of the Federal Reserve Bank of Dallas. Fisher is no stranger to the political scene, having once unsuccessfully run against former U.S. Senator Kay Bailey Hutchison. In 2005, Fisher was appointed President and CEO of the Federal Reserve Bank of Dallas.

Most recently, Mr. Fisher has made headlines as a sharp critic of Fed Chairman Ben Bernanke and the process of quantitative easing, which in short, is the U.S. government printing more money to but its own debt.

Fisher, a proponent of breaking up big banks, is not currently beloved by the giants of high finance. And some are especially irked that Fisher plans to speak on Saturday before the Conservative Political Action Conference, a sort of Woodstock for GOP and libertarian activists. One industry observer noted: “Does anyone understand how Fisher is speaking at a political rally? It’s well known that Fed officials don’t speak at political events. I wonder if a reporter has asked to see if [Fisher] sought a waiver from the ethics office. Wonder what his colleagues think about him breaking precedent.”