Austan (Austan) Goolsbee

speaker

656 appearances 1 recordings 1 series first heard Jul 2026 last heard 15 Jul

Austan (Austan) Goolsbee’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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The Weekly Show with Jon Stewart · The Fed, Unreserved with Chicago Fed President Austan Goolsbee · 15 Jul 2026 podcast

All the really important things should be decided in that.

And the more they try to put that onto the Fed, and it was my fear.

I wasn't in the Fed when COVID struck, but my fear on the Fed's behalf in COVID, where if you remember, the Congress said, we're going to spend trillions.

That's right.

And all kinds of loans.

Who's going to run this?

They were like, well, the only people competent enough to run it

are the Fed.

Let's have the Fed do it.

I was really nervous on behalf of the Fed because having been through 2008, if anything goes wrong with the program,

you know they're going to blame whoever ran the program.

So I thought it was an effort for Congress to kind of be like, oh, let's have the Fed do these loans.

And then if people can't pay them back or if it costs money, if there's fraud, if whatever,

then we'll say, ah, the stupid Fed, we asked them to do it and they screwed it up.

So that makes me nervous in the FOMC context.

If we had more tools that were literally...

fiscal policy tools like taxes or stuff like that, then we would be Congress.

The Fed shouldn't have that.

There is no bad weather.

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