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Dallas Fed Says President Fisher Will Retire on March 19

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The Federal Reserve Bank of Dallas said President Richard Fisher will step down on March 19, making him the second district chief and voting policy maker this year to announce his retirement from the central bank.

The reserve bank said it has hired the executive search firm Heidrick & Struggles International Inc. to conduct a search for a new president, according to an e-mailed statement today. Fisher, 65, is a former deputy U.S. trade representative who’s served as president since April 2005. He had previously announced that he would retire by April 30.