# Austan Goolsbee

> Austan Goolsbee is the president and CEO of the Federal Reserve Bank of Chicago, one of the most closely watched voices on U.S. interest rates and inflation. A longtime University of Chicago Booth economist who chaired Barack Obama's Council of Economic Advisers, he is equally known for empirical research on the internet and taxes and for being the rare central banker who once won Washington's funniest celebrity contest.

- **Role:** President and CEO at Federal Reserve Bank of Chicago
- **Organizations:** Federal Reserve Bank of Chicago, University of Chicago Booth School of Business, Council of Economic Advisers, National Bureau of Economic Research
- **From:** Waco, Texas, USA
- **Nationality:** American
- **Education:** Preparatory, Milton Academy, B.A. and M.A. in Economics (summa cum laude), Yale University, Ph.D. in Economics, Massachusetts Institute of Technology
- **Known for:** 10th president and CEO of the Federal Reserve Bank of Chicago, Chair of the Council of Economic Advisers under President Obama (2010-2011), Robert P. Gwinn Professor of Economics at the University of Chicago Booth School of Business

## Career timeline

- **1995** — Joined the University of Chicago Booth School of Business faculty
- **2004** — Advised Barack Obama during his U.S. Senate race
- **2005** — Named Robert P. Gwinn Professor of Economics at Chicago Booth
- **2008** — Senior economic policy adviser to the Obama presidential campaign
- **2009** — Confirmed to the Council of Economic Advisers; chief economist and chief of staff to Paul Volcker at the Economic Recovery Advisory Board
- **2010** — Appointed Chair of the Council of Economic Advisers, a cabinet-level role
- **2011** — Returned to the Chicago Booth faculty
- **2018** — Served on the Chicago Board of Education
- **2023** — Became the 10th president and CEO of the Federal Reserve Bank of Chicago

## Achievements

- 10th president and CEO of the Federal Reserve Bank of Chicago
- Chair of the Council of Economic Advisers under President Obama (2010-2011)
- Robert P. Gwinn Professor of Economics at the University of Chicago Booth School of Business
- Co-developer of the Adobe Digital Price Index with Pete Klenow
- Named one of the World Economic Forum's 100 Global Leaders for Tomorrow
- Named one of six 'Gurus of the Future' by the Financial Times
- Alfred P. Sloan Fellow and Fulbright Scholar
- Won the 2006 Peter Lisagor Award for his New York Times economics column
- Ranked #1 on The New Yorker's Ten Most Intriguing Political Personalities (2010)

## Latest updates

- **2026-05** — Told NPR after the latest CPI reading that he wants to see real progress on inflation before backing further rate cuts.
- **2026-03** — Said he could envision scenarios for either a rate hike or cuts depending on inflation and the war-driven oil shock.
- **2026-02** — Called for a hold on rate cuts, saying 3% inflation is 'not good enough.'

## Links

- Website: https://www.chicagofed.org/people/g/Austan-Goolsbee
- LinkedIn: https://www.linkedin.com/in/austan-goolsbee-62b278277/
- Twitter/X: https://x.com/Austan_Goolsbee

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Profile page: https://yespress.io/austan-goolsbee
Published by YesPress — https://yespress.io
Last updated: 2026-06-02