Austan Goolsbee, who served as a top economic adviser to former President Barack Obama, will become the next president of the Federal Reserve Bank of Chicago and will have a vote on the Fed rate-setting committee
In 2021, officials thought that high inflation would be temporary. But a year later, it was still near a four-decade high. WSJ’s Jon Hilsenrath explains three factors that have kept inflation up for longer than expected. Illustration: Jacob ReynoldsAustan Goolsbee, who served as a top economic adviser to former President Barack Obama, will become the next president and chief executive of the Federal Reserve Bank of Chicago, the bank said Thursday.
Mr. Goolsbee, 53, is a professor of economics at the University of Chicago’s Booth School of Business. He was chair of the White House Council of Economic Advisers from 2010 to 2011.
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