President and CEO of Federal Reserve Bank of Dallas Richard W. Fisher has visited Tsinghua SEM on April 17, 2009 and delivered a speech entitled "The Economic Predicament of the United States and the Federal Reserve’s Response in a Globalized World".

In his speech, Fisher talked about current US economy facing challenges of financial crisis as well as measures the Federal Reserve has adopted in response to the crisis. Fisher said US economy might see its worst time in 2009, and the earliest time for the country’s economic recovery may not appear until the year of 2010. Fisher said Chinese government performed well in the financial crisis, adding probably China might be the first country that embraces economic recovery.

Mr. Fisher held talks with Professor Qian Yingyi, Dean of Tsinghua SEM before his speech.

(Mr. Fisher Talks with Dean Qian Yingyi)

Mr. Richard W. Fisher assumed the office of President and CEO of the Federal Reserve Bank of Dallas on April 4, 2005. In this role, Mr. Fisher serves as a member of the Federal Open Market Committee, the Federal Reserve’s principal monetary policymaking group.

Mr. Fisher began his career in 1975 at the private bank of Brown Brothers Harriman & Co.. He became assistant to the secretary of the Treasury during the Carter administration, working on issues related to the dollar crisis of 1978–79.

From 1997 to 2001, Mr. Fisher was deputy U.S. trade representative with the rank of ambassador. He oversaw the implementation of NAFTA, negotiations for the Free Trade Area of the Americas, and various agreements with Vietnam, Korea, Japan, Chile and Singapore. He was a senior member of the team that negotiated the bilateral accords for China's accession to the World Trade Organization.

Mr. Fisher attended the U.S. Naval Academy (1967–69), graduated with honors from Harvard University in economics in 1971, and received an M.B.A. from Stanford University in 1975.