Search Results
Journal Article
Texas dodges worst of foreclosure woes
The housing bust leaves in its wake elevated foreclosure levels in Texas and the U.S. Like other consequences of the bust, including declines in construction and existing-home sales, foreclosures have been less severe in Texas. While the nation's foreclosure rate has grown nearly sixfold over the last four years, Texas' has climbed only marginally. ; Housing markets in Texas and the U.S. have shown signs of stabilizing in recent months. Home sales and construction starts are beginning to tick up, thanks in large part to low mortgage rates and the first-time homebuyer tax credit. Despite the ...
Journal Article
Spotlight: Texas subprime mortgages: metros vary on risky loans--and delinquencies
The current financial crisis has brought a severe decline in subprime mortgage lending. Like the nation, Texas and its metros still have exposure to existing loans. Housing prices, unemployment and overall economic activity will play a significant part in determining how many of them run into trouble.
Speech
Of moose and men (with no reference to Steinbeck)
Remarks before the National Association for Business Economics, Dallas, Texas, September 12, 2011 ; "It is incumbent on the Fed and other bank regulators to reduce the regulatory burdens that are inhibiting indeed, overwhelming community bankers whose business it is to lend to creditworthy small businesses."
Speech
Texas: what makes us exceptional? Where are we vulnerable?
Remarks before the 2010 Pre-Session Legislative Conference, Austin, Texas, December, 2010 ; "With each passing year, Texas has consistently outperformed the rest of the nation in growing economic prosperity. Over the past three especially difficult years, the Texas economy has outperformed all other states, except for those tiny ones whose populations would not aggregate to the size of any of our major cities."
Journal Article
A regional perspective on the \\"Great Moderation\\"
The Great Moderation impacted job growth across nearly all regions over a fairly short period of time.
Journal Article
Noteworthy: Texas trade: exports take a turn for the worse
Exports have gone from a source of strength to a drag on the Texas economy. The state's real exports declined nearly 20 percent from their peak in second quarter 2008 through first quarter 2009, ending a five-year growth spurt.
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
Journal Article
Growth on the border or bordering on growth ?
Speech
Texas redux, America restrained (with a discussion of the limits of monetary policy)
Remarks before the Texas Manufacturers Summit 2012, San Marcos, TX, February 15, 2012 ; "In a nutshell, Texas continues on a path it has been on for over two decades, outperforming the nation in economic growth and job expansion. We have fully recovered the jobs lost during the Great Recession and have punched through previous peak employment levels."
Journal Article
Noteworthy: Texas agriculture: drought damages mount for farmers, ranchers
A drought that has persisted for two years shows no signs of relenting, taking an increasing toll on Texas agriculture.