"While it seems pretty clear that economic momentum is slowing, the jury is out on whether lesser momentum will be sufficient to translate into relief on the price front over the intermediate to longer term. In East Texas parlance, 'It might could but it mightn't'; it most definitely has not...

"In the world of "superfine processes" of the Knowledge Age, digits are the new widgets. The brain is to the Knowledge Age and the mastery of digits what the engine was to the Manufacturing Age and the management of widgets. Education is the steam and the oil and the gas that propel that engine....

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...

Remarks at St. Andrews University, St. Andrews, Scotland, June 5, 2012 ; "I believe that were we to go down the path to further accommodation at this juncture, we would not simply be pushing on a string, but would be viewed as an accomplice to the mischief that has become synonymous with...

Harlingen, Texas, February 16, 2007 ; "We learned the values of camaraderie and esprit de corps, and that semper fidelis was more than a slogan. Being faithful to your country, your mission and your potential is reward in itself."

Remarks before the Senior Delegates' Roundtable of the Fixed Income Forum, Carlsbad, California, July 23, 2009. ; "A lot of former negatives are being eliminated. We are seeing changes from negative impulses to slightly positive ones. This accentuates the positive in the aggregate. We probably...

Remarks before the Greater Dallas Asian American Chamber of Commerce, Dallas, Texas, February 23, 2006 ; "As long as the Federal Reserve does its job of holding inflation at bay, and as long as our political leaders resist protectionism and let the private sector get on with its work, we will...

Remarks for the Jose Cuervo Tequila Talk, Institute of the Americas, La Jolla, California, April 5, 2006 ; "For Mexico and the U.S. states along its border, the stakes are high. Geographic proximity to the United States and ease of transport are key aspects of Mexico's comparative advantage...

Remarks at the SW Graduate School of Banking 53rd Annual Keynote Address and Banquet, Dallas, Texas, June 3, 2010 ; "Let me make my sentiments clear: It is my view that, by propping up deeply troubled big banks, authorities have eroded market discipline in the financial system."

"In theory, the Fed's monetary policy and regulatory functions are separate. In practice, they are anything but--rather, it is a symbiotic relationship. The past two years have highlighted the interconnections of monetary and regulatory policy: Monetary policy depends upon regulation that...