Fisher Says Bank Supervision Helps Fed in U.S. Monetary Policy

Federal Reserve Bank of Dallas President Richard Fisher said supervision of U.S. banks has been important to the central bank in making monetary policy.

“You just can’t operate as lender of last resort unless you know who you are lending to,” Fisher said in a speech to the Texas Tech Alumni Association in Dallas. “That helps in the formation of monetary policy.”

To contact the reporter on this story: Steve Matthews in Atlanta at smatthews@bloomberg.net

Darrell Preston in Dallas at dpreston@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net

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