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MNI BRIEF: Goolsbee Named Chicago Fed Chief, Jumps Onto FOMC

(MNI) OTTAWA

Ex-White House adviser Austan Goolsbee will have a vote on the FOMC in 2023.

The Chicago Federal Reserve named Austan Goolsbee as its new president, replacing Charles Evans as he retires next month and immediately placing him on the FOMC's committee that votes on U.S. interest rates.

Goolsbee's appointment is effective Jan. 9 according to a press release Thursday. He has served as Chairman of the Council of Economic Advisers to the U.S. President, and has been teaching economics at the University of Chicago. He has a Ph.D. in economics from the Massachusetts Institute of Technology and a master's degree from Yale University.

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The Chicago Federal Reserve named Austan Goolsbee as its new president, replacing Charles Evans as he retires next month and immediately placing him on the FOMC's committee that votes on U.S. interest rates.

Goolsbee's appointment is effective Jan. 9 according to a press release Thursday. He has served as Chairman of the Council of Economic Advisers to the U.S. President, and has been teaching economics at the University of Chicago. He has a Ph.D. in economics from the Massachusetts Institute of Technology and a master's degree from Yale University.

Keep reading...Show less