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Federal reserve bank of chicago

Chicago Fed president explains “the hardest thing that a central bank has to do”

by Kai Ryssdal and Sarah Leeson
Oct 10, 2024
Austan Goolsbee talks about the Fed's timing in moments of transition, if COVID is still affecting the economy, and why he's a "data dog."
"I'm in the data dogs. And the thing about the data dogs [is that they] don't respond to one month," says Austan Goolsbee about the importance of taking the long view before making decisions.
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"Has there ever been a bigger gap" between economic mood and actual numbers? Chicago Fed president asks

by Kai Ryssdal and Sarah Leeson
Nov 28, 2023
Chicago Fed's Austan Goolsbee on the consumer sentiment disconnect, and what happens if interest rates stay high for too long.
Austan Goolsbee, president of the Federal Reserve Bank of Chicago.
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Fed is nearing a point when it is not a matter of raising rates, but how long to keep them high, says Chicago Fed CEO Austan Goolsbee

by Kai Ryssdal and Andie Corban
Sep 7, 2023
There is growing confidence that the Fed can pull off lowering inflation without a recession, said Chicago Fed CEO Austan Goolsbee.
"There's a growing confidence that we can pull off" a soft landing, says Chicago Fed chief Austan Goolsbee. "The only thing I want to caution you is that it's not a guarantee."
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