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 named the next President of the Chicago Fed?

What has been the general reaction to Goolsbee's appointment among economists?

What concerns have been raised regarding diversity in the Fed's leadership?

What is the significance of Susan Collins' appointment to the Boston Fed?

How does the Chicago Fed's tradition influence its choice of leadership?