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BOB MCTEER
Former President of the Federal Reserve Bank of Dallas
Robert D. McTeer is chancellor of the Texas A&M University System, which includes nine universities, seven state agencies and a statewide health science center. The universities have over 102,000 students, including 45,000 at the flagship, Texas A&M University. The agencies provide statewide coverage in agricultural and engineering research, service and continuing education.
Prior to joining the A&M System in November 2004, Bob McTeer had a 36-year career with the Federal Reserve, including almost 14 years as President of the Federal Reserve Bank of Dallas and member of the Federal Open Market Committee. As Dallas Fed president, Bob McTeer was a prolific writer and speaker on free enterprise and the new economy, and the Dallas Fed became known as the "Free-Enterprise Fed."
As a Fed policymaker, Bob gained a reputation as an independent voice, or maverick, dissenting three times from the Greenspan majority. Bob McTeer's dissents and outspoken views earned him the labels, "Lone Star Loner" and "The Lonesome Dove." Bob is an entertaining and colorful speaker on economic topics and the Fed, peppering his speeches with country music wisdom, limericks, and vignettes. Samples may be found on www.tamus.edu , especially the "Rhymes with No Reason" section.
Bob McTeer has written numerous opinion pieces for the Wall Street Journal and other publications and is a frequent guest on CNBC and other financial news programs.
Bob earned a Ph.D. in economics from the University of Georgia, where he taught for two years before joining the Richmond Fed in 1968. Rising through the management ranks of the Richmond Fed, Bob McTeer was the head of its Baltimore Branch in the 1980s, where he also taught economics at Johns Hopkins. He became President and CEO of the Federal Reserve Bank of Dallas in 1991.
Bob is a past president of the Association of Private Enterprise Education, a national association of free-market scholars and others who advocate market solutions to public policy problems. Bob McTeer is a former board member of the National Council on Economic Education and a current member of Guaranty Bank board and the Board of Overseers of the Terry College of Business at the University of Georgia.
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