Dallas Fed's Fisher wants smooth transition

Dallas Fed president Richard Fisher said on Thursday 3 November that the Federal Reserve should ensure it has a smooth changeover in its chairmanship before it starts debating issues like inflation targeting.

Noting the excellent job that Fed Chairman Alan Greenspan had done, Fisher said: "We continue on that course, and we effect a seamless transition and we consider these matters at some other point," when asked about inflation targeting.

Fisher, a voting member of the Fed's policy-setting

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