Austan Goolsbee Named Chicago Fed President

The transcript discusses the appointment of Austin Goolsbee as the new President of the Chicago Fed, highlighting his qualifications and the pushback from advocates for more diversity in Fed leadership. It covers the Fed's efforts in diversity, mentioning Susan Collins' appointment and the lack of Latino American representation. The selection process is described as closed, with some diversity initiatives. The transcript also touches on the Fed's reputational issues due to past scandals and the tradition of appointing academics to leadership roles.

Who was appointed as the next President of the Chicago Fed?

• Austin Goolsbee

• Robert Kaplan

• Susan Collins

• Eric Rosengren

What was a significant concern among some advocates regarding the appointment of the new Chicago Fed President?

• Lack of experience

• Absence of a Latino American appointment

• Insufficient academic background

• Involvement in trading scandals

Who was named as the first black woman president of the Boston Fed?

• Lisa Cook

• Richard Jefferson

• Susan Collins

• Austin Goolsbee

What type of firms did the Chicago Fed retain during the selection process?

• Legal advisory firms

• Diversity recruiting firms

• Investment firms

• Public relations firms

What tradition does the Chicago Fed follow in appointing its leaders?

• Choosing from the business world

• Selecting from the academic community

• Hiring international candidates

• Appointing former politicians