The board of the Chicago Federal Reserve announced it has named former top Obama economist Austan Goolsbee as its new president.
The board of directors of the Chicago Federal Reserve has named Austan Goolsbee as its new president, the regional Fed bank announced Thursday.
“Austan is an exceptional choice to be the next president of the Federal Reserve Bank of Chicago. He is a highly accomplished economist with extensive policy experience and a strong commitment to public service. I am confident in his future success as a national policymaker and chief executive of the Chicago Fed,” said Dr. Helene Gayle, the president of Spelman College, who served as the chair of the Fed board’s search committee for president.
Goolsbee was an economic adviser to President Barack Obama when he ran for president and won in 2008. After the election, Goolsbee joined the White House team, eventually rising to run the president’s Council of Economic Advisers from 2010 until 2011. He often appears on television discussing the economy and has been a regular guest on CNBC when the Labor Department releases its monthly unemployment report.
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