April 11, 2023

Austan Goolsbee

President & CEO / Federal Reserve Bank of Chicago

Austan Goolsbee addressed The Economic Club of Chicago on April 11, in front of a live audience. Following his remarks, he participated in a seated conversation with Ann Dwyer, Editor, Crain’s Chicago Business. Topics ranged from interest rate hikes, bank stress, monetary policy and more.

I think that at moments like this, of financial stress, the right monetary approach calls for prudence and patience.

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Austan Goolsbee on assessing the potential impact of financial stress on the economy.


Austan Goolsbee

President & CEO / Federal Reserve Bank of Chicago

Austan D. 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—the Federal Reserve System’s monetary policymaking body—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 and similar institutions, as well as to the U.S. government. 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. He is married and has three children.


Ann Dwyer

Editor / Crain’s Chicago Business

Ann Dwyer was named editor of Crain’s Chicago Business in January 2019, the first woman to fill the position since the publication’s founding in 1978.In her current role, Dwyer oversees all aspects of Crain’s newsroom operation.Dwyer came to Crain’s from the Chicago Tribune in 1995 as a copy editor, eventually moving to the news desk and later running some of the publication’s highest-profile features, including 40 Under 40, Best Places to Work, Coolest Offices and the Fast 50. She has frequently been the broadcast voice of Crain’s, appearing regularly on the BBC, WBBM-AM’s “Noon Business Hour” and on WTTW-TV’s “Chicago Tonight.” Her work has been honored by the Chicago Headline Club, the Associated Press Editors Association, the Illinois Press Association and the Alliance of Area Business Publishers, among other notable journalism organizations. She studied writing and journalism at the University of Illinois, where she served in various roles at The Daily Illini, the student-run news organization on the Champaign-Urbana campus. She was named to that organization’s Hall of Fame in 2022.