The Federal Reserve Bank of Chicago has named University of Chicago economics professor and former Obama adviser Austan Goolsbee as its new president.
Economists Austan Goolsbee and Kevin Hassett weigh in on the current rate of inflation on"WSJ at Large."Bank of Chicago has named former Obama economic adviser Austan Goolsbee as its next president and chief executive.
Goolsbee, 53, is a professor at the University of Chicago and served as chair of the Council of Economic Advisers under from 2010 to 2011. He will succeed Charles Evans, who is retiring in January after 15 years at the helm.Austan Goolsbee, professor at the University of Chicago, speaks during the Obama Foundation"Democracy Forum" in New York City, Nov. 17, 2022.NEW YORK FED'S WILLIAMS WARNS OF A ‘WAYS TO GO’ BEFORE INTEREST RATES ARE HIGH ENOUGH
"The Federal Reserve Bank of Chicago has always been one of the crown jewels of the Fed system and the district it represents is the backbone of the American economy," Goolsbee said in a statement. "I am both humbled and excited to serve the public in this role. These have been challenging, unprecedented times for the economy."
Goolsbee holds a doctoral degree in economics from the Massachusetts Institute of Technology as well as master's and bachelor's degrees in economics from Yale University.
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