Fed's Fisher says hopes new Congress will not interfere with Fed's independence

Dallas Federal Reserve president Richard Fisher said on Wednesday he hopes the new Republican-controlled Congress will limit any new laws that might endanger the Fed's independence. "There are many different arguments being put forward," Fisher said on Bloomberg television, referring to proposals to audit the Fed and force the central bank to follow strict rules for setting interest rates. "I hope they will be responsible in terms of limiting the amount they wish to interfere with our independence," Fisher said.

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