Former Fed Official Fisher Urges FOMC Reforms
Quotes Peter Fisher on the Federal Reserve central bank's policymaking committee being too large to be effective, disapproving of the appointing process and accountability of committee members. “Each Committee member should be accountable for their own vote as if they were the sole decision maker,” says Fisher. “It is time to fix the appointment process for Reserve Bank presidents so that everyone who has a say in our nation’s monetary policy is appointed by our elected representatives.”