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September 24, 2013 AT 1:53 PM
In rare remarks for a senior Federal Reserve official, Dallas Fed President Richard Fisher criticized the White House's process of picking the next Fed chair. "The White House has mishandled this terribly," told the Independent Bankers Association of Texas. "It just makes it sound like we are a political instrument. We are not, we cannot be, we should not be, we must never be a political instrument."