Search Results
Speech
Observations on the U.S. economy: need the Fed do more? (with reference to Elvis Costello, Clarence Day, Narayana Kocherlakota and Bernard Baruch)
Remarks before the Vancouver Board of Trade, Vancouver, British Columbia, October 1, 2010 ; "Without exception, all the business leaders I interview cite nonmonetary factors--fiscal policy and regulatory constraints or, worse, uncertainty going forward--and better opportunities for earning a return on investment elsewhere as inhibiting their willingness to commit to expansion in the U.S."
Speech
Globalization and Texas
Remarks before The Houston Forum, Houston, Texas, October 19, 2005
Speech
Placing manufacturing in context (with reference to Frank Sinatra, Joseph Schumpeter, Ernie Preeg, George Mitchell, Tom Stemberg, a feckless Congress and … Secretariat)
Remarks before the U.S. Manufacturing Summit, Orlando, Florida, August 22, 2013 ; "The remaining obstacle to being the absolute best economy for manufacturers and other businesses, bar none, has been fiscal and regulatory policy that seems incapable of providing job-creating manufacturers and other businesses with tax, spending and regulatory incentives to take advantage of the cheap and abundant fuel the Fed has provided."
Speech
The current state of the U.S. and Mexican economies: where do we go from here?
"As I sit at the FOMC table, I continue to fret more about inflation than I do about growth. While I am well aware of the risks to economic growth, the history of inverted yield curves, and the ever present possibility of exogenous shocks in a politically hazardous world, the 'balance of risk,' in my book, is still tilted to the inflation side of the equation." ; Remarks at a Policy Forum hosted by the El Paso Branch of the Federal Reserve Bank of Dallas and Monterrey Branch of the Banco de Mexico, Monterrey, N.L., Mexico, September 25, 2006
Speech
Remarks upon accepting the Service to Democracy Award and the Dwight D. Eisenhower Medal
Dallas, Texas, October 18, 2006 ; "To simply know that you and the American Assembly feel that I and my colleagues in public service have lived a life worth living and are doing good things worth continuing to do is the truest honor of all."
Speech
In the lap of the gods
Remarks at the Greater Dallas Chamber Annual State of Technology Luncheon, Dallas, Texas, October 2, 2007. ; "We live in a time when it is fashionable to look at all glasses as half full. Chicken Little rules the roost of economic prognostication. The innovators in this room know differently."
Speech
An economic overview: what's next? remembering Carol Reed, Aesop's Fable, Kenneth Arrow and Thomas Dewey
Remarks before the Rotary Club of Dallas, Dallas, Texas, July 13, 2011 ; "We are being challenged as the place to invest job-creating capital. Our fiscal and regulatory authorities do not operate in a vacuum; we live in a globalized, interconnected world where money is free to go to wherever it earns the best return. In their solution to the debt crisis, our political leaders must develop an entirely new structure of incentives for private businesses and investors to put their money to work creating jobs here at home."
Speech
Remarks before the 55th Annual Meeting of the North Dallas Chamber of Commerce
"As to the Federal Reserve reducing its balance sheet so as not to monetize the excess reserves waiting to be converted to bank loans to the private sector, I have been very clear: Given the lag between the time monetary policy is initiated and when it impacts the economy, that wind-down process needs to begin as soon as there are convincing signs that economic growth is gaining traction and that the lending capacity of the banking system is capable of expansion." ; Remarks before the 55th Annual Meeting of the North Dallas Chamber of Commerce, Dallas, Texas, September 9, 2009.
Speech
Comments on the current financial crisis (an abridged version)
Remarks before the 2009 Global Supply Chain Conference, Fort Worth, Texas, March 4, 2009. ; "If, in the process of doing what is right and proper by confining its activity to its singular purpose, the Federal Reserve becomes a 'nuisance,' so be it. The Fed under Paul Volcker's leadership was certainly a 'nuisance,' but you would be hard-pressed to find anyone alive today who would argue the fact that the Volcker Fed pulled the nation from the precipice of economic calamity. It is important that the Federal Reserve be left to do its job and no more."