Fed's Fisher Wants FOMC Reform

``Mr. Fisher would rotate the vice chairmanship among the regional banks. It strikes us that even the most chauvinistic of us New Yorkers are going to have hard time disputing the logic of that demarche. Mr. Freeman points out that during the financial crisis of 2008, the job was held by Timothy Geithner, who ended up leading the rescue of the big banks that, as Mr. Freeman puts it, "under his oversight had been allowed to accumulate massive mortgage risk." Says Mr. Fisher: "to me there's a little bit of a conflict of interest there."''