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Austan Goolsbee

@goolsbee.bsky.social

12K followers 810 following 61 posts

Chicago diehard. President & CEO of the Chicago Fed, econ prof Chicago Booth School, former Chairman of the Council of Economic Advisers. I do not speak for the Fed or others on the FOMC

Austan Dean Goolsbee is an American economist and writer. He is the president of the Federal Reserve Bank of Chicago and the Robert P. Gwinn Professor of Economics at the University of Chicago's Booth School of Business. He was the chairman of the Council of Economic Advisers from 2010 to 2011 and a member of President Barack Obama's cabinet. He served as a member of the Chicago Board of Education from 2018 to 2019. .. more

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Austan Goolsbee @goolsbee.bsky.social · 10h

At last week's Midwest Agriculture Conference, we were joined by farmers, the ag business community, and moderator @foxbusiness' Edward Lawrence for discussions on industry updates and trade conditions. www.chicagofed.org/publications... x.com/messages/med...

Austan Goolsbee @goolsbee.bsky.social · 1d

Thrilled to announce that John Leahy will become the Chicago Fed’s next director of research

He’s the Allen Sinai Professor and chair of the Econ dept. at @umich and a great guy.

Welcome to Da Bank, John.

www.chicagofed.org/publications... x.com/messages/med...

Reposted by Austan Goolsbee

Illinois EDC @illinoisedc.bsky.social · 14d

It was an honor to host Federal Reserve Bank of Chicago President and CEO @goolsbee.bsky.social last night at our Q1 board meeting, where he engaged in a Q&A with our board member Liz Buchanan of NielsenIQ.

Thank you, President Goolsbee, for sharing your insights and time with our board!

Reposted by David L. Ortega, Georg Weizsäcker

Austan Goolsbee @goolsbee.bsky.social · 17d

This morning, the @chicagofed introduced new labor market indicators that combine private sector data with official labor statistics to provide a real-time view of hiring, layoffs and other job separations, and an early forecast of the unemployment rate. www.chicagofed.org/research/dat....

Chicago Fed Labor Market Indicators: Latest Release - Federal Reserve Bank of Chicago

www.chicagofed.org

Reposted by Austan Goolsbee

Barry Butler Photography @barrybutler9.bsky.social · Jul 31

Lollapalooza's day one of four kicks off today in Chicago's Grant Park.

Reposted by Austan Goolsbee

Barbara Byar @barbarabyar.bsky.social · Jul 28

The face of an old woman who has her first novel being published in the spring

Reposted by Austan Goolsbee

Chicago Booth Review @chicagoboothreview.bsky.social · Jul 15

An increase in certain orders helped fuel a “curious surge” of productivity in US restaurants, according to Chicago Booth’s @goolsbee.bsky.social & Chad Syverson, NYU PhD student Rebecca Goldgof, and Booth research professional Joe Tatarka.

www.chicagobooth.edu/review/is-yo... #econsky

Is Your Take-Out Order Making Fast-Food Restaurants More Productive?

After decades of stalled growth, productivity has surged in US restaurants.

www.chicagobooth.edu

Austan Goolsbee @goolsbee.bsky.social · Jul 7

What movie did you see way too young?

When I was 10, CBS first aired ‘The Exorcist’ on TV. The baby sitter didn’t want to miss it and kept me up to watch.

It was less than an ideal choice.

Reposted by Austan Goolsbee

Rosie Collington @rosiecollington.bsky.social · Jul 7

a few weeks ago I gave birth to this tiny human & became a mum. it’s been the most transformative & transcendental thing. also, physically tough with a challenging birth & lots of hospital trips since. mums are so badass. midwives are heroes. expect slow replies (& everything else) for a while 🐌💕

Austan Goolsbee @goolsbee.bsky.social · Jul 2

Department chair: “Professor Bergstresser, we promised the seminar speaker 15 minutes uninterrupted time at the outset”

Daniel Bergstresser @dbergstresser.bsky.social · Jul 2

<rude hand gestures and disrespectful fart-ish noises>

Reposted by Austan Goolsbee

Daniel Bergstresser @dbergstresser.bsky.social · Jul 2

<rude hand gestures and disrespectful fart-ish noises>

Reposted by Austan Goolsbee

Alexis Coe @alexiscoe.bsky.social · Jul 2

Exciting news from my corner of the stacks:

I’m now the American history books columnist at the New York Times.

Reposted by Austan Goolsbee

Journal of Political Economy @jpolecon.bsky.social · Jul 1

The JPE thanks outgoing editor Lance Lochner for his distinguished service to the journal and looks forward to welcoming Christopher Walters to the editorial team in August. @chicagojournals.bsky.social #econsky

Austan Goolsbee @goolsbee.bsky.social · Jun 30

Calling all data dogs:

Vivian Tu, founder and CEO of @yourrichbff2.bsky.social, Jon Clifton, @Gallup.bsky.social CEO and I will have an @aspenideas.bsky.social at 12 p.m. CT today about signals vs. noise in economic data

www.chicagofed.org/publications...

Austan Goolsbee @goolsbee.bsky.social · Jun 26

2 in the afternoon = no samples

Austan Goolsbee @goolsbee.bsky.social · Jun 26

In Milwaukee this week, we heard from Molson Coors about economic conditions and what's happening across supply chains. Conversations like this one help us understand the economy in real-time.

Austan Goolsbee @goolsbee.bsky.social · Jun 15

Miss you Dad

Austan Goolsbee @goolsbee.bsky.social · Jun 9

It’s my dad’s line but yes.

Reposted by Austan Goolsbee

Bloomberg News @bloomberg.com · Jun 7

Faced with tariff uncertainty, policymakers like Chicago Fed's Austan Goolsbee are turning more to visits and interviews with business owners to inform their decisions

A Fed Official Goes Hunting for Inflation Clues in the Heartland

Faced with tariff uncertainty, policymakers are turning more to anecdotal information to guide their decisions.

Reposted by Austan Goolsbee

Claudia Sahm @claudia-sahm.bsky.social · Jun 3

I am a big fan of the Michigan Survey and asking people about the expectations more generally ... but my @opinion.bloomberg.com piece today comes down as the being *very* skeptical of the rise in longer-run inflation expectations. www.bloomberg.com/opinion/arti...

Inflation Expectations Are Now Just Tariff Expectations

As the Fed watches for signs that inflation may be persistent, a crucial factor will be how consumers see tariffs affecting prices.

www.bloomberg.com

Reposted by Austan Goolsbee

Mina Kimes @minakimes.bsky.social · May 28

An irrefutable thing about sports is fans will largely support anything—good or bad—if wins come with it.

www.washingtonpost.com/sports/2025/...

Commanders fans’ support for the team name is up dramatically now that they’re good

Reposted by Austan Goolsbee

CNN @cnn.com · May 25

Being an honest public servant will always be a rewarding choice, Federal Reserve Chair Jerome Powell said in a speech at a pre-graduation ceremony at Princeton University amid months of unrelenting personal attacks from President Donald Trump.

Fed Chair Powell praises integrity and public service amid unrelenting Trump attacks | CNN Business

Being an honest public servant will always be a rewarding choice, Federal Reserve Chair Jerome Powell said Sunday at Princeton University amid months of unrelenting attacks from President Trump.

Reposted by Claudia Sahm, Austan Goolsbee

Claudia Sahm @claudia-sahm.bsky.social · May 25

“Fifty years from now, you will want to be able to look in the mirror and know that you did what you thought was right, in every part of your life. At the end of the day, your integrity is all you have.” Jay Powell www.federalreserve.gov/newsevents/s...

Baccalaureate remarks by Chair Powell at the Princeton University Baccalaureate Ceremony

Thank you, President Eisgruber, for the opportunity to speak here today. Congratulations to the Princeton University class of 2025 on the tremendous achievemen

www.federalreserve.gov

Austan Goolsbee @goolsbee.bsky.social · May 24

Any Bears content is welcome at Da Bank

(curse you autocorrect)

Austan Goolsbee @goolsbee.bsky.social · May 24

Any Bears content is welcome at Dan Bank

Reposted by Austan Goolsbee

Mina Kimes @minakimes.bsky.social · May 22

Caleb Williams was phenomenal in week 12 vs a very tricky Vikings defense. Played fast, was accurate and decisive in structure, and sprinkled in a little extended magic 👇

Reposted by Austan Goolsbee

Becker Friedman Institute for Economics @beckerfriedman.bsky.social · May 20

U.S. restaurant productivity rose 15% during COVID, driven by take-out customers spending 10 min. or less inside, according to mobile phone tracking data. 🍔📲 Research by @goolsbee.bsky.social, Chad Syverson (@chicagobooth.bsky.social), Rebecca Goldgof, & Joe Tatarka here: ow.ly/3E1750VVQwe #EconSky

The Curious Surge of Productivity in U.S. Restaurants | Becker Friedman Institute

Following a brief dip at the outset of the pandemic, the restaurant industry experienced an unprecedented surge of 15% in . Both sales and visits per employee, measures that had been relatively steady...

Reposted by Austan Goolsbee

The New York Times @nytimes.com · May 17

It’s not just Newark: Nearly all air traffic control facilities in the U.S. are understaffed.

Newark Airport's Crisis Puts Spotlight on U.S. Air Traffic Controller Shortage

As of May 7, all but two of the 313 air traffic control facilities in the United States were understaffed, a New York Times analysis found.

www.nytimes.com

Reposted by Austan Goolsbee

The New York Times @nytimes.com · May 16

Robert “Ed” Smylie, the NASA official who saved the Apollo 13 crew in 1970, has died at 95. He cobbled together an apparatus made of cardboard, plastic bags and duct tape after an explosion crippled the spacecraft as it sped toward the moon. nyti.ms/3Sbusb3

Austan Goolsbee @goolsbee.bsky.social · May 8

7th District’s first Pope

@chicagofed.bsky.social