Austan D. Goolsbee, a research associate in the NBER Public Economics Program and the Robert P. Gwinn Professor of Economics at the University of Chicago’s Booth School of Business, has been named the next president of the Federal Reserve Bank of Chicago. He will take up this new role in January, and will be a voting member of the Federal Open Market Committee.
Goolsbee is an expert on macroeconomics and public finance who has taught at Chicago since 1995. He chaired the President's Council of Economic Advisers 2010-11 and was a member of the Chicago Board of Education 2018-19. He has served on the Economic Advisory Panel to the Federal Reserve Bank of New York, the Panel of Economic Advisers to the Congressional Budget Office, the US Census Advisory Commission, and as a special consultant for internet policy to the Antitrust Division of the Department of Justice.
Goolsbee received his undergraduate and master’s degrees from Yale University and his PhD from MIT, all in economics. He was a Fulbright Scholar and Sloan Fellow, and became an NBER affiliate in 1997. He will resign his NBER affiliation when he takes up his new position.