Dallas's Fisher: do not politicise regional Feds

Richard Fisher, the president of the Dallas Federal Reserve called on US lawmakers not to "politicise" the central bank by taking a role in selecting the presidents of district banks.

"There are concerns in some quarters that the Fed will be politicised. For example, there have been suggestions that Congress should be involved in the selection of Federal Reserve Bank presidents, who, unlike the seven members of the Board of Governors, are not appointed by the president nor confirmed by the Senate

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