LONDON: The Federal Reserve is not spending much time discussing the strength of the dollar at its meetings, outgoing Fed policymaker Richard Fisher said on Thursday, adding it would be at least partly offset by the fall in oil prices.
"I would say that in our deliberations we don't spend too much time on that (the stronger dollar)," Fisher said during a lecture organised by Imperial College London.
He also said that the first move the Fed was likely to take to normalise its policy was to "work the short end of the yield curve".
As a last resort, the Fed could also sell the huge stock of bonds and mortgage-backed securities it has bought in recent years, Fisher said.
"My reading is that would be the very last thing we would do," Fisher added.
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