Robert Hormats
Robert Hormats
Robert D. "Bob" Hormats is Vice Chairman of Kissinger Associates. Immediately prior he served as Under Secretary of State for Economic Growth, Energy, and the Environmentfrom 2009 to 2013. Hormats was formerly Vice Chairman of Goldman Sachs, which he joined in 1982. He served as Senior Deputy Assistant Secretary, from 1977 to 1979, and Assistant Secretary of State, from 1981 to 1982, at the Bureau of Economic and Business Affairs. He was Ambassador and Deputy U.S. Trade Representative from 1979...
NationalityAmerican
ProfessionPublic Servant
Date of Birth13 April 1943
CountryUnited States of America
achieve additional countries crude flat good increase near ourselves
The refineries are going flat out and additional crude is not going to be able to go through those refineries right away, ... It's a good thing to show to the OPEC countries that we're doing something ourselves to increase supply, but it may not achieve much in the near term.
among asia closely factor fed felt impact raising watching
I think the Fed's watching Asia very closely right now. The impact of Asia is still to be felt and that's one factor among many that will keep the Fed from raising rates.
almost build business china company desire fact goes growth major reinforce relations transition wants
Almost every major company in the world wants to do business with China or is in fact doing business with China and wants to participate in the growth of China. So if the transition goes well, that will reinforce their desire to build up their business relations with China.
crisis economy mexican mexico selling today
The U.S. is better off because we would not be selling very much to Mexico today if the Mexican economy were in crisis. In fact, we are selling more to Mexico today than before the crisis occurred.
advice broader exposed hear narrow people point president range reach serve worst
He will reach out to a broader range of people to hear their point of view. The worst way to serve the president is to narrow the range of advice he is exposed to.
business discreet financial good information lots people run sees turn
He is very, very good about getting lots of information from people who actually run companies, who actually make financial and business decisions. ... When he sees them socially, he'll find out what's on their minds. He does that a lot. And people in turn are very discreet and they don't turn around and say he's called them.
booming constitute economic forces frontier states
Booming cities, and the provinces and states in which they are located, are driving forces in economic growth today. Consequently, they constitute the new frontier in America's international economic policy.
benefit enormous nations opportunity united
The United States is still an enormous generator of innovation, from which other nations have long benefitted. But we now also have the opportunity to benefit from innovation taking place around the world.
proved work
They're doing what's proved to work in the past, which is to tighten rates.
help money
They'll get their IMF money and that should help a little bit.
concern dollar downward exchange pressure putting rate talk trade
It is already putting downward pressure on the dollar and that will be a concern so they'll have to talk about trade and they'll have to talk about exchange rate stability,
country currency gets people seems slightly whacked
Any country that seems to have a slightly overvalued currency gets whacked by speculators. People go after the ones they think will be the weakest.
effort community drug
Drug and human traffic are getting a lot more attention than illicit wildlife trafficking. And just as we need to intensify our efforts to combat drug trade and human trafficking, we also need to intensify our efforts to combat illicit wildlife trafficking...They all need to be addressed through bold and consistent actions by the international community.
military war cutting
In every major war we have fought in the 19th and 20th centuries. Americans have been asked to pay higher taxes - and nonessential programs have been cut - to support the military effort. Yet during this Iraq war, taxes have been lowered and domestic spending has climbed. In contrast to World War I, World War II, the Korean War and Vietnam, for most Americans this conflict has entailed no economic sacrifice. The only people really sacrificing for this war are the troops and their families.