Search Results
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 trade: air shipments up for imports, exports
Journal Article
Noteworthy: energy: new Texas LNG terminals put on hold
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
Regional update : U.S. slowdown reaches Texas
Journal Article
Recession arrives in Texas: a rougher ride in 2009
Through much of 2008, the Texas economy continued to expand while the nation fell into recession. Growth in the energy and high-tech sectors and rising home prices were key factors in making Texas' economy one of the nation's strongest. ; In the last half of the year, however, the state's economic conditions deteriorated rapidly. The weakening was primarily due to the deepening global financial crisis and sharp declines in energy prices, high-tech activity and exports. ; Indicators suggest Texas trailed the official December 2007 start of the U.S. recession by at least six months. So far, the ...
Journal Article
The economics of prosperity : a Texas tale
Journal Article
Texas economy to ride higher in the saddle in 2011
The Texas economy grew moderately in 2010, outperforming most other states. Jobs increased by 209,000, a growth rate of about 2 percent?near the state?s average pace since 1980. Strength in the high-tech and energy sectors was an important source of Texas? economic might relative to other parts of the country. The state also suffered less from housing price declines. ; Leading indicators, generally positive at the end of 2010, suggest an improving outlook in 2011 as consumers and businesses regain confidence in the economy. The Dallas Fed forecasting model projects Texas job growth of 2.5 ...