Fisher Says Fed Shouldn’t Protect U.S. Stock Traders

Federal Reserve Bank of Dallas President Richard Fisher said the central bank shouldn’t ease monetary policy whenever there is a big drop in U.S. stock prices, an action he said some traders might view as a “Bernanke put.”

“My long-standing belief is that the Federal Reserve should never enact such asymmetric policies to protect stock market traders and investors,” Fisher said today in Midland, Texas. “I believe my FOMC colleagues share this view.”