Federal Reserve Bank of Dallas President Richard Fisher (R) testifies alongside FDIC Vice Chair Thomas Hoenig before the House Financial Services Committee hearing on "Examining How the Dodd-Frank Act Could Result in More Taxpayer-Funded Bailouts" on Capitol Hill in Washington June 26, 2013. REUTERS/Yuri Gripas (UNITED STATES - Tags: POLITICS BUSINESS) - RTX111V7

Federal Reserve Bank of Dallas President Richard Fisher (R) testifies alongside FDIC Vice Chair Thomas Hoenig before the House Financial Services Committee hearing on "Examining How the Dodd-Frank Act Could Result in More Taxpayer-Funded Bailouts" on ... Capitol Hill in Washington June 26, 2013. REUTERS/Yuri Gripas (UNITED STATES - Tags: POLITICS BUSINESS) - RTX111V7 (Reuters)

Fed's Fisher: Stimulus Tapering is Data Dependent

The Fed Reuters

Federal Reserve Bank of Dallas President Richard Fisher on Monday said any tapering in the U.S. central bank's bond-buying stimulus program will depend on the strength of economic data.

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Speaking at a conference of business economists in Sydney, Fisher also said U.S. corporate balance sheets are stronger than ever.

Fisher has long been concerned by the Fed's "hyper-accommodative" monetary policy, in part due to the danger of market disruptions when it comes time to slim down its massive balance sheet.

Fisher is not a voting member this year, but will be in 2014.