Goolsbee's Wife Works at Firm That Helped Pick Him for Fed Job

The transcript discusses the controversy surrounding Austin Goolsby's appointment as the Chicago Fed president, highlighting the lack of transparency in the selection process. It raises concerns about potential conflicts of interest due to his wife's involvement in the executive search firm. The discussion also touches on the political implications of Goolsby's past affiliations and compares his appointment to previous Fed leaders. The transcript concludes with considerations for future changes in the selection process for regional Fed presidents.

What concerns were raised regarding the selection process of Austin Goolsbee as president of the Chicago Fed?

How did the relationship between Austin Goolsbee and the Chicago Fed's selection process come to light?

What was the reaction of the Fed members regarding Goolsbee's affiliation with the Obama administration?

What implications does the lack of transparency in the selection process have for the Chicago Fed?

What changes might be considered for the selection process of regional Fed presidents in the future?