Skip top navigation
Photo of Austan Goolsbee

Austan D. Goolsbee

  • President, Federal Reserve Bank of Chicago, 2023–

Austan D. Goolsbee is president and chief executive officer of the Federal Reserve Bank of Chicago.

Prior to becoming president of the Chicago Fed in January 2023, Goolsbee served as the Robert P. Gwinn Professor of Economics at the University of Chicago Booth School of Business where he first joined the faculty in 1995. He is known for his empirical research on many different industries and on economic policy. 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 President Obama'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 has a PhD in economics from the Massachusetts Institute of Technology and a BA and MA in economics from Yale University.

Written by the Federal Reserve Bank of Chicago and published January 9, 2023. See disclaimer and update policy.