He is best known for his 36-year career with the Federal Reserve System, including 14 years as President of the Federal Reserve Bank of Dallas and member of the Federal Open Market Committee (FOMC).
As a Fed policymaker, Dr McTeer gained a national reputation as an independent voice, or maverick, dissenting from the Alan Greenspan majority twice in 1999 and once in 2002. His outspoken views and plain talk got him the labels “Lone Star Loner” and “The Lonesome Dove.” He says he’s been called worse.
Dr McTeer’s free-market views in general and his vigorous support of free-trade, in particular, gave the Dallas Fed its reputation during his tenure as “The Free-Enterprise Fed.” He is a CNBC contributor. He has written for the Wall Street Journal, Financial Times, and other business publications, and he has spoken worldwide. His blog also appears on Forbes.com at http://blogs.forbes.com/bobmcteer/.
Dr McTeer served two years as Chancellor of the Texas A&M University System. He serves on the Board of Directors of Westwood Holdings Group, Beal Bank, Refocus Group and the Aquinas Companies and is an economic advisor to Commerce Street Capital and Protiviti Inc.
He received his PhD in Economics from the University of Georgia. He is a former board member of UGA’s Terry College of Business where he was named Distinguished Alumnus in 1991. He is a past president of the Association of Private Enterprise Education and a former board member of the National Council on Economic Education.