Robert D. McTeer Jr. (born ) is an American economist, and has been a fellow at the US

National Center for Policy Analysis The National Center for Policy Analysis (NCPA) was a non-profit American think tank whose goals were to develop and promote private alternatives to government regulation and control. Topics it addressed include reforms in health care, taxes, So ...

since January 2007. McTeer is a former president of the

Federal Reserve Bank of Dallas The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico, a district sometimes referred to as the Oil Patch. The Federal Reserve Bank of Dallas is one of 12 ...

(1981-1991), and a former chancellor of the

Texas A&M University System The Texas A&M University System is a state university system in Texas and is one of the state's six independent university systems. The Texas A&M University System is one of the largest systems of higher education in the United States, with a bu ...

Early life

Born in the

U.S. state of Georgia Georgia is a state in the Southeastern region of the United States, bordered to the north by Tennessee and North Carolina; to the northeast by South Carolina; to the southeast by the Atlantic Ocean; to the south by Florida; and to the west by ...

, he earned his BBA and

Ph.D. A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is a ...

economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...

from the

University of Georgia , mottoeng = "To teach, to serve, and to inquire into the nature of things.""To serve" was later added to the motto without changing the seal; the Latin motto directly translates as "To teach and to inquire into the nature of things." , establ ...

where he is a member of the

Sigma Chi Sigma Chi () International Fraternity is one of the largest North American fraternal literary societies. The fraternity has 244 active (undergraduate) chapters and 152 alumni chapters across the United States and Canada and has initiated more tha ...

fraternity and was also a member of the

Phi Kappa Literary Society The Phi Kappa Literary Society is a college literary society, located at the University of Georgia in Athens, Georgia, and is one of the few active literary societies left in America. Founded in 1820, the society continues to meet every academic ...

. He taught there for two years before joining the

Federal Reserve Bank of Richmond The Federal Reserve Bank of Richmond is the headquarters of the Fifth District of the Federal Reserve located in Richmond, Virginia. It covers the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia ...

Professional career

He worked for the Federal Reserve for 36 years, including as president of the

from 1991–2005, where he was known for his plain,

jargon Jargon is the specialized terminology associated with a particular field or area of activity. Jargon is normally employed in a particular Context (language use), communicative context and may not be well understood outside that context. The conte ...

-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". As a member of the

Federal Open Market Committee The Federal Open Market Committee (FOMC), a committee within the Federal Reserve System (the Fed), is charged under United States law with overseeing the nation's open market operations (e.g., the Fed's buying and selling of United States Treasur ...

on the Federal Reserve, he was considered "dovish" on

inflation In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reductio ...

and was one of the most consistent opponents of raising the

federal funds rate In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis. Reserve balances a ...

in the late 1990s. He has stated that he does not believe in the

NAIRU Non-accelerating inflation rate of unemployment (NAIRU) is a theoretical level of unemployment below which inflation would be expected to rise.

and

Phillips curve The Phillips curve is an economic model, named after William Phillips hypothesizing a correlation between reduction in unemployment and increased rates of wage rises within an economy. While Phillips himself did not state a linked relationship ...

. He was succeeded as Federal Reserve Bank President by

Richard W. Fisher Richard W. Fisher (born 1949) is the former President and CEO of the Federal Reserve Bank of Dallas, having served in that post from April 2005 to 2015. He is a Senior Advisor to Barclays Plc, a British bank holding company, a Director of Peps ...

Academia career

On November 4, 2004, he succeeded A. Benton Cocanougher as the chancellor of the

, until November 22, 2006, when he was succeeded by Michael D. McKinney."McKinney Named Chancellor of The Texas A&M University System"
Retrieved on March 12, 2008.

Television appearances

He is a frequent economics commentator on

CNBC CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...

's ''

Kudlow & Company ''The Kudlow Report'' was a news television program about business and politics hosted by Larry Kudlow, that aired on the CNBC television channel at 7pm ET until March 28, 2014. The show began airing on January 26, 2009. It was a successor to '' ...

''.

References

External links

* {{DEFAULTSORT:McTeer, Robert D. 1940s births Living people 21st-century American economists Chancellors of Texas A&M University System Economists from Texas Federal Reserve Bank of Dallas presidents Economists from Georgia (U.S. state) Terry College of Business alumni Year of birth uncertain