Iran Press/ America: The shooting happened before 3 p.m. local time Friday (2000 GMT) on a busy street, and witnesses said police officers returning fire killed the suspect.
In a statement late Friday, police said a civilian was also seriously wounded.
Authorities said there was no threat to the public but officers converged on a residential area about two miles away and evacuated residents as they gathered evidence related to the incident.
Police did not provide information about a possible motive or circumstances leading to the shooting. The identities of the killed officer and the suspect were withheld pending notification of their families.
The Fargo police have said they planned to release more details later on the shooting.
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