By James Politi in Washington
Richard Fisher, president of the Federal Reserve Bank of Dallas, is about as outspoken as it gets when it comes to officials at the US central bank. And in Portland, Oregon on Monday — as he spoke to a conference of state retirement administrators — he waded into the heated battle to succeed Ben Bernanke as the next Fed chairman.
His main message seemed to be that the Fed did not need a “prima donna” at its helm – which naturally led to speculation about whether he was referring to Larry Summers, the former treasury secretary, or Janet Yellen, the current vice-chair, who are the two leading candidates for the post. Read more