Federal Reserve Bank of Chicago
Austan D. Goolsbee

Austan D. Goolsbee
President
Federal Reserve Bank of Chicago

Austan D. Goolsbee took office on January 9, 2023, as the 10th president and chief executive officer of the Seventh District, Federal Reserve Bank of Chicago.

Before taking office at the Federal Reserve Bank of Chicago, Dr. Goolsbee served as the Robert P. Gwinn Professor of Economics at the University of Chicago Booth School of Business, where he first joined the faculty in 1995.

Dr. Goolsbee served as a member and then chairman of the Council of Economic Advisers from 2009 through 2011 and was a member of President Barack Obama's cabinet. He has also served on the Board of Education for the City of Chicago, the Economic Advisory Panel to the Federal Reserve Bank of New York, the Panel of Economic Advisers to the Congressional Budget Office, the U.S. Census Advisory Committee, the Digital Economy Board of Advisors to the Commerce Department, and the External Advisory Group on Digital Technology for the International Monetary Fund.

He is known for his empirical research on economic policy, among many other industries, and was named a Fulbright Scholar in 2006 and an Alfred P. Sloan Fellow in 2000.

Dr. Goolsbee has a PhD in economics from the Massachusetts Institute of Technology and a BA and MA in economics from Yale University. He is married and has three children.

Bank Location

230 South LaSalle Street
Chicago, IL 60604
(312) 322-5322
Visitor Information
Money Museum

Head office at Chicago, Illinois.

Branch Bank at Detroit, Michigan.

Covers the state of Iowa; 68 counties of northern Indiana; 50 counties of northern Illinois; 68 counties of southern Michigan; and 46 counties of southern Wisconsin.

Website: https://www.chicagofed.org/

Chicago district map

Branches

Detroit
1600 East Warren Avenue, Detroit, MI 48207-1063
P.O. Box 1059, Detroit, MI 48231
(313) 961-6880


List of Directors
Class A
Name Title Term expires
December 31
Michael O’Grady Chairman, President, and Chief Executive Officer
Northern Trust
Chicago, Illinois
2023
Christopher J. Murphy, III Chairman and Chief Executive Officer
1st Source Bank
South Bend, Indiana
2024
Susan Whitson Chief Executive Officer
First Bank, and
President
First of Waverly Corporation
Waverly, Iowa
2025
Class B
Name Title Term expires
December 31
David Cyril Habiger President and Chief Executive Officer
J.D. Power
Troy, Michigan
2023
Linda P. Hubbard President and Chief Operating Officer
Carhartt, Inc.
Dearborn, Michigan
2024
Linda Jojo Executive Vice President, Chief Customer Officer
United Airlines, Inc.
Chicago, Illinois
2025
Class C
Name Title Term expires
December 31
Jennifer Scanlon
(Chair)
President and Chief Executive Officer
UL Solutions
Northbrook, Illinois
2023
Juan Salgado
(Deputy Chair)
Chancellor
City Colleges of Chicago
Chicago, Illinois
2024
Maurice Smith President and Chief Executive Officer
Health Care Service Corporation
Chicago, Illinois
2025

DETROIT BRANCH

Appointed by the Federal Reserve Bank:
Name Title Term expires
December 31
JoAnn Chavez Senior Vice President and Chief Legal Officer
DTE Energy
Detroit, Michigan
2023
Kevin Nowlan Executive Vice President and Chief Financial Officer
BorgWarner Inc.
Auburn Hills, Michigan
2023
Anika Goss Chief Executive Officer
Detroit Future City
Detroit, Michigan
2024
Ronald E. Hall President and Chief Executive Officer
Bridgewater Interiors, LLC
Detroit, Michigan
2025

 

Appointed by the Board of Governors:

Name Title Term expires
December 31
M. Roy Wilson, MD President
Wayne State University
Detroit, Michigan
2023
James M. Nicholson Co-Chairman
PVS Chemicals, Inc.
Detroit, Michigan
2024
Sandy K. Baruah
(Chair)
President and Chief Executive Officer
Detroit Regional Chamber
Detroit, Michigan
2025
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Last Update: January 27, 2023