McTeer set to leave Dallas Fed

Dallas Federal Reserve President Robert McTeer, the U.S. central bank's resident poet and "lonesome dove" on inflation, is likely to leave if he wins the chancellor's position for the Texas A&M University System.

"If appointed, I will retire from the Federal Reserve and will obviously miss it after a 36-year career, including over 13 years as President of the Federal Reserve Bank of Dallas," McTeer said in a statement.

According to the group, which is the fifth-largest university group in Ameri