Former Dallas Fed president joins Barclays

Richard Fisher, who retired as president of the Federal Reserve Bank of Dallas in March, has joined Barclays Plc. as a senior adviser.

Fisher, 66, who led the Dallas Fed for a decade, will join London-based Barclays on Wednesday, the bank said in a statement.

“His exceptional knowledge and extensive experience in monetary policy, financial markets and services, global trade negotiations and regulatory matters will be of tremendous value to Barclays and to our clients,” Tom King, CEO of the Barclays investment bank, said in the statement.

Fisher will return to his roots in investment banking. He started his career at Brown Brothers Harriman in New York, which first brought him to Dallas. He then launched and ran his own investment firm before serving as a U.S. trade representative and ambassador.

While at the Fed, Fisher became known as an outspoken opponent of the central bank’s loose money policies, known as quantitative easing. In colorful speeches, he criticized Congress over federal spending and warned of the long-term effects of central bank lending.

“The question I had was: Did we really need to do this much? I don’t believe we did,” Fisher said in a January 2014 interview with the Star-Telegram.

He was also never shy about touting the Texas economy, and he credited business-friendly policies for the state’s strong job growth.

Staff writer Steve Kaskovich contributed to this report, which includes material from Bloomberg News.

This story was originally published June 30, 2015 at 12:54 PM with the headline "Former Dallas Fed president joins Barclays."