Robert D. McTeer

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Robert McTeer
Robert McTeer (14079998541) (cropped).jpg
President of the Federal Reserve Bank of Dallas
In office
February 1, 1991 – November 1, 2004
Preceded byRobert Boykin
Succeeded byRichard W. Fisher
Personal details
Born1943 (age 77–78)
Ranger, Georgia, U.S.
EducationUniversity of Georgia (BBA, MA, PhD)

Robert D. McTeer Jr. (born c. 1943)[1] is an American economist, and has been a fellow at the US National Center for Policy Analysis since January 2007.[2] McTeer is a former president of the Federal Reserve Bank of Dallas (1981-1991),[3] and a former chancellor of the Texas A&M University System.[4]

Early life[edit]

Born in the U.S. state of Georgia, he earned his B.B.A. and Ph.D. in economics from the University of Georgia where he is a member of the Sigma Chi fraternity and was also a member of the Phi Kappa Literary Society. He taught there for two years before joining the Federal Reserve Bank of Richmond.

Professional career[edit]

He worked for the Federal Reserve for 36 years, including as president of the Federal Reserve Bank of Dallas from 1991–2005, where he was known for his plain, jargon-free public speaking and telling stories about growing up in rural Georgia. He has stated that one of his goals was "to translate economic sense into common sense".[5]

As a member of the Federal Open Market Committee on the Federal Reserve, he was considered "dovish" on inflation and was one of the most consistent opponents of raising the federal funds rate in the late 1990s. He has stated that he does not believe in the NAIRU and Phillips curve.[6]

He was succeeded as Federal Reserve Bank President by Richard W. Fisher.[7]

Academia career[edit]

On November 4, 2004, he succeeded A. Benton Cocanougher as the chancellor of the Texas A&M University System,[8] until November 22, 2006, when he was succeeded by Michael D. McKinney.[9]

Television appearances[edit]

He is a frequent economics commentator on CNBC's Kudlow & Company.


  1. ^ "Baltimore Regulator Named to Head Fed Bank in Dallas". The Washington Post. September 5, 1990. Retrieved February 14, 2019.
  2. ^ "Bob McTeer": Retrieved on March 12, 2008
  3. ^ "Robert H. Boykin | Federal Reserve History". Retrieved 2019-06-30.
  4. ^ "McTeer to head Texas A&M System |". Retrieved 2019-06-30.
  5. ^ "McTeer Joins NCPA As Distinguished Fellow". Retrieved 2019-06-30.
  6. ^ "Low Unemployment Means Inflation? Dallas Fed's Robert McTeer Says No": website. Retrieved on March 5, 2008
  7. ^ Retrieved 2019-06-30. Missing or empty |title= (help)
  8. ^ "McTeer Named Chancellor of The Texas A&M University System" Archived 2007-08-22 at the Wayback Machine: Retrieved on March 12, 2008
  9. ^ "McKinney Named Chancellor of The Texas A&M University System": Retrieved on March 12, 2008.

External links[edit]