Austan Goolsbee is president and chief executive officer of the Federal Reserve Bank of Chicago. In this capacity, he serves on the Federal Open Market Committee and leads the Chicago Fed, which conducts research and monitors local economic conditions in support of the formulation of monetary policy, supervises and regulates banking organizations, and provides financial services to banks, similar institutions, and the U.S. government.
Goolsbee was the Robert P. Gwinn Professor of Economics at the University of Chicago Booth School of Business. He has been a Fulbright Scholar and an Alfred P. Sloan Fellow.
Goolsbee served as a member and then chairman of the Council of Economic Advisers from 2009 through 2011 and was a member of the President’s cabinet. He has also served on the Board of Education for the City of Chicago, the Economic Advisory Panel to the Federal Reserve Bank of New York, the Panel of Economic Advisers to the Congressional Budget Office, the U.S. Census Advisory Committee, the Digital Economy Board of Advisors to the Commerce Department, and the External Advisory Group on Digital Technology for the International Monetary Fund.
Goolsbee earned his Doctor of Philosophy in Economics from the Massachusetts Institute of Technology and a Bachelor and Master of Arts in Economics from Yale University.