WASHINGTON — Dallas Federal Reserve Bank President Richard Fisher Wednesday evening railed against what he says is the tyranny of large financial institutions, accusing them of limiting the full impact of measures intended to boost the economic recovery, and he put forward fixes to the Dodd-Frank Act that he believes has exacerbated the advantages enjoyed by behemoth banks.

"I submit that these institutions, as a result of their privileged status, exact an unfair tax upon the American people. Moreover, they interfere with the transmission of monetary policy and inhibit the advancement of our nation's economic prosperity," he said in remarks prepared for delivery at an event organized by the Committee for the Republic.

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