Austan D. Goolsbee (
@Austan_Goolsbee
) has been named president and chief executive officer of the Federal Reserve Bank of Chicago effective January 9, 2023. He will succeed Charles L. Evans, who is retiring in January. Learn more here:
“One percentage point increase in the vaccinated portion of the population translated to about 15,000 restaurant and lodging jobs, the Chicago Fed study found. In June, that would equate to 90,000 jobs gained due to vaccinations, it found.”
We are launching the
#EconomicMobility
Project to advance research on the economic prospects of Americans, with a particular focus on barriers faced by those with low incomes.
@KEBroady
will join us as director of the Project.
Learn more:
We are pleased to announce that Anna Paulson has been named executive vice president and director of economic research at the Chicago Fed. In this role, she will be the first woman to lead economic research and policy analysis at the Bank.
Alejandro Justiniano's “insatiable desire to learn and his ability to put others at ease made him an influential teacher and a role model among young scholars,” reflect colleagues in a special issue of
@RevEconDyn
honoring his life and work.
We welcomed five new members to our
#BoardOfDirectors
this year.
@drlisadcook
and Jennifer F. Scanlon joined our
#Chicago
board.
@anikagf
, Kevin Nowlan, and Dr. M. Roy Wilson joined our
#Detroit
board. Learn more about their roles and backgrounds here:
“Economics is about thinking about the challenges and opportunities you see in society and thinking about how to make people's lives better” says Susan Collins, economist and
@UMich
Provost, at today's Exploring Career Pathways hosted by
@ChicagoFed
@SadieCollective
#ECPEcon2020
The Chicago Fed is
#NowHiring
Research Assistants for Summer 2021. This rigorous 2-year assistantship is designed to arm aspiring
#Econ
grad students with the empirical and theoretical skills needed to prepare for grad school.
Austan D. Goolsbee (
@Austan_Goolsbee
) will succeed Charles Evans as the next president of the Chicago Fed. He is currently the Robert P. Gwinn Professor of Economics at
@ChicagoBooth
and previously served as chair of
@WhiteHouseCEA
. Learn more here:
President
@Austan_Goolsbee
and Fed Governor Michelle Bowman joined a Fed Listens panel this week to discuss the challenges and opportunities facing young people as they enter the workforce in the post-pandemic economy.
#employment
New data: The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index decreased to –37 in October from –20 in September, suggesting that economic growth was well below trend. The CFSEC is a survey of organizations located in the Seventh District.
Senior economist & advisor Francois Gourio has released details underlying empirical results discussed in a speech delivered by Pres. Goolsbee on 9/28. The chart below depicts the estimated contribution of monetary policy to GDP, employment & inflation.
Good dog & beloved K9 officer, Bella, is retiring after 9 distinguished years of service keeping the Chicago Fed’s people and property safe. In retirement, Bella will focus on her hobbies: earning treats, chasing squirrels & getting belly rubs. Thank you for your service, Bella!
The Chicago Fed is
#Hiring
#Economists
for research positions in all fields related to the Fed’s mission including financial economics, applied microeconomics and macroeconomics. Apply now!
#Careers
#JobOpening
The
@AtlantaFed
,
@BostonFed
, and
@MinneapolisFed
are hosting
#RacismandtheEconomy
, a series of virtual events that will examine the economic impact of racism and show how to achieve an equitable economy. Learn more and register to attend the first event:
Austan Goolsbee begins his tenure as Federal Reserve Bank of Chicago president and CEO today, becoming the 10th top leader of the institution. He joins the Chicago Fed from the University of Chicago Booth School of Business, where he served for 28 years.
“When I hosted the Research Assistant Panel last year, my goal was to affirm Black students in knowing that their perspectives are essential to effectively designing and conducting economic research," says Malcolm Thomas about our Exploring Career Pathways in Economics event. 1/3
The Chicago Fed National Activity Index (CFNAI) decreased to –0.23 in April from –0.04 in March, suggesting economic growth decreased. The index is a weighted average of 85 indicators of growth in national
#economic
activity.
#CFNAI
Last week, President
@Austan_Goolsbee
gave his first public remarks as president & CEO of the Chicago Fed. “It is a danger and a mistake for policymakers to rely too heavily on market reactions,” Goolsbee said.
A great session with
@neelkashkari
at our student conference in NYC back in March. Fed President Evans will speak at
#EngageUIC
2018 in October. Don’t miss it!
@ChicagoFed
“The recent increase in
#inflation
does not appear to be the precursor of a persistent movement to undesirably high levels of inflation,” noted President Charles Evans earlier this week, maintaining his full support of the Fed's accommodative stance.
Announcing the winners of our 2019
#FedChallenge
: .
@LifeAtUSM
. Congrats to this outstanding team from University School of Milwaukee and good luck in your future endeavors!
Undergrad or grad or PhD student looking for a meaningful opportunity to put your economics knowledge to work during a summer internship? We are now accepting applications for our summer 2019 program. Join us and assist our economists with their research.
"We’ve been tightening financial conditions to bring inflation down, so if the response to recent banking problems leads to financial tightening, monetary policy has to do less.” Read more of President
@Austan_Goolsbee
's
@EconClubChi
speech here:
We are pleased to announce the promotion of Sam Sam Schulhofer-Wohl to senior vice president and director of financial policy at the Chicago Fed. As SVP of financial policy, he will lead the financial stability council.
We recently hosted a Macroeconomics and Monetary Policy Conference, celebrating retiring President Charles Evans’ contributions to the field. Experts from around the country shared insights into research on
#inflation
,
#monetarypolicy
and more.
Recent college grad in econ, finance, business or math? Looking for a career where you are are an integral part of a research or policy team? Apply to be a research assistant in our Research Department. Learn more about what it means to be on our team.
President Austan Goolsbee (
@Austan_Goolsbee
) delivered his first public remarks as our president & CEO today during a visit to Ivy Tech Community College (
@IvyTechCC
). View the full speech here:
@IvyTechSBE
Happy
#NationalInternDay
! Our
#ChicagoFedInterns
have been hard at work this summer, including Emma LaGuardia, who is interning in our Economic Research Department. Follow along as Emma gives us a peek into her day.
"There should be more representation and inclusion of diverse voices in monetary policy, so conferences like this are important to help empower Black students to share their gifts in this field and excel." 3/3
Register here:
#CareersinEcon
#EconTwitter
Hear Federal Reserve Leaders, including Jay Powell, Lael Brainard and Charlie Evans, on the Promise of the Middle Class at the 2019 Federal Reserve System Community Development Research Conference in Washington, D.C.
#CommDev2019
“It has been an honor to serve as a president of the Chicago Fed. I am immensely proud of the work our bank has accomplished,” President Charles Evans says. He will retire in early 2023 after 15 years as president.
The National Financial Conditions Index (NFCI) ticked down to –0.57 in the week ending January 19, suggesting financial conditions continued to loosen.
#NFCI
#economy
At the Chicago Fed, we share the pain and outrage felt in the black community and other communities of color in our nation. We are deeply committed to diversity, equity and inclusion across our organization. We designate
#Juneteenth
as an employee day of action and reflection.
"It's hard work, but if you have the tenacity to push through it the possibilities are endless." Malcolm Thomas, Senior Research Assistant at the Chicago Fed during panel on the research assistant experience at Exploring Career Pathways
@ChicagoFed
@SadieCollective
#ECPEcon2020
UPDATE: "In the long term, some of these
#agricultural
markets will not come back." David Oppedahl discusses
#tariffs
, weather and deteriorating
#credit
conditions for the the Midwest agriculture industry in a new AgLetter.
The competition is tough at the High School
#FedChallenge
finals. So great to see these students so interested in economics,
#policy
and the Fed. The team from St. Joseph High School in South Bend, IN, won the day. Congrats!
The National Financial Conditions Index (NFCI) ticked down to –0.32 in the week ending June 23, suggesting financial conditions continued to loosen.
#NFCI
#economy
“We need unique and varying perspectives to contribute to our field to ensure we are asking the right questions” Economist Maude Toussaint-Comeau on increasing African American representation in economics at today's Exploring Career Pathways hosted by
@ChicagoFed
@SadieCollective
Join the 12 Federal Reserve District Banks on April 13 for the fifth installment of the virtual series
#RacismandtheEconomy
, which examines the impacts of structural racism on our economy. More info and register:
Meet our newest Federal Reserve K9 Officers: Riley and Rigs! Riley is a hide-and-seek champ while Rigs specializes in tug-of-war. Both work with our Law Enforcement Unit to keep the people, property, and premises of the Federal Reserve Bank safe.
The National Financial Conditions Index (NFCI) edged down to –0.35 in the week ending January 27, suggesting financial conditions loosened again.
#NFCI
#economy
Short for Federal Reserve Economic Data, FRED is an online database consisting of hundreds of thousands of economic data time series from national, international, public & private sources. Learn more about FRED 10/21 during the next Fed
@YourDesk
webinar:
Cannot overstate how incredible
@juliechismar
is at making Econ an engaging topic for high school students. One of the best teachers I’ve ever had and I obviously can’t speak for Buttigieg but I’m sure he thinks the same.
“Even if minority businesses gain access to capital, it comes at very high, difficult terms,…so it doesn't necessarily help if the capital comes in onerous terms and we need to be working on that more,” reflects President Charles Evans during
#RacismandtheEconomy
Join the
@sffed
and
@marydalyecon
now as they livestream their conference that looks at the economics of climate change. Our economist
@FrancoisGourio
will be on a session at approx. 1:20 pm CT.
"If productivity continues growing at a faster rate than the long-term trend, it will definitely change our thinking about the economy overall, inflation, and monetary policy," said President
@Austan_Goolsbee
at
@CFR_org
yesterday.
Our Fed Shreds have a new look! Visit the Money Museum to check out the new branding and take some home. Fed Shreds come from unfit
#currency
at the end of its life cycle. Visit to learn more about our work to promote a trusted
#financial
system.
Our Economic Research Department is looking for help amplifying our voice in
#policy
conversations related to economic mobility.
#ApplyNow
to join the team and lead this important initiative on
#EconomicMobility
:
“We have finally gotten positive supply developments counteracting the Covid-related supply chain and labor supply problems. We are finally undoing those challenges and getting the benefits,” said President
@Austan_Goolsbee
today at the
@deteconomicclub
.
Charlie Evans will be speaking at a roundtable later this morning in
#Indianapolis
. Nothing says Indy more than the 500, so he stopped off at the
@IMS
museum. Ford or Ferrari--which do you prefer?
#IMS
The National Financial Conditions Index (NFCI) ticked down to –0.46 in the week ending December 1, suggesting financial conditions continued to loosen.
#NFCI
#economy
Open House Chicago 2023 is here. Our doors are open and our volunteers are ready to welcome you to our historic building. Visit today and tomorrow, 10 a.m. – 5 p.m.
#OHC2023
The Chicago Fed is pleased to welcome Austan Goolsbee on his first day as president and CEO. Goolsbee is a highly accomplished economist with extensive policy experience and a strong commitment to public service.
Meet Cecilia Moreira,
@cmoreira_Econ
, recent Chicago Fed research assistant, just announced as an
@NSFGRFP
#NSF
fellowship winner. She also is an alum of the summer program of
@AEASPmsu
. Looking forward to see where her career takes her!
The Chicago Fed Advance Retail Trade Summary (CARTS) projects retail & food services sales excluding motor vehicles & parts to increase 0.4% in March on a seasonally adjusted basis and to increase 0.1% when adjusted for inflation.
#retailsales
If the global economy and international
#trade
are important to your research, then you may wish to read this speech made by the governor of the Bank of Finland, .
@SuomenPankki
, at the .
@DallasFed
Research assistant
@ryperry21
recently received
@SadieCollective
’s Excellence Award, which is presented to champions of excellence in economics & related fields. Congratulations Ryan, and thank you for your service to the public good!
We're thrilled to announce a new temporary exhibit at our Money Museum celebrating the history of Black baseball in partnership w/
@NLBMuseumKC
. The exhibit features commemorative coins from
@usmint
, paying tribute to the history of Negro Leagues Baseball.