Fed's Fisher: What's best for US is best for world
Federal Reserve Bank of Dallas President Fisher speaks to a breakout group at the Conservative Political Action Conference in National Harbor, Maryland (Jonathan Ernst Reuters, / )
(Reuters) - Dallas Federal Reserve Bank President Richard Fisher on Friday downplayed the turmoil in some emerging markets that greeted the U.S. central bank's move to reduce its massive stimulus program, saying the Fed's focus should stay on the United States.
'We are the central bank of the United States; we have to do what is best in our interest,' Fisher, who opposes the bond-buying program altogether, told Bloomberg Radio. 'What's important for us to do is to make sure our economy is strong, and the rest of the world will benefit if we are.'
He also repeated his view that Wall Street reform legislation does not fix the too-big-to-fail bank problem.
(Reporting by Ann Saphir; Editing by Chizu Nomiyama)
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