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Fed's Fisher: What's best for U.S. is best for world

Federal Reserve Bank of Dallas President Richard Fisher arrives to speak about the concept of breaking up 'too big to fail' banks to a break
Federal Reserve Bank of Dallas President Richard Fisher arrives to speak about the concept of breaking up 'too big to fail' banks to a break

(Reuters) - Dallas Federal Reserve Bank President Richard Fisher on Friday downplayed the turmoil in some emerging markets that greeted the U.S. central bank's move to reduce its massive stimulus program, saying the Fed's focus should stay on the United States.

"We are the central bank of the United States; we have to do what is best in our interest," Fisher, who opposes the bond-buying program altogether, told Bloomberg Radio. "What's important for us to do is to make sure our economy is strong, and the rest of the world will benefit if we are."

He also repeated his view that Wall Street reform legislation does not fix the too-big-to-fail bank problem.

(Reporting by Ann Saphir; Editing by Chizu Nomiyama)

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