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 · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
And that is why they create 12 reserve banks spread around the country to represent.
And we have boards of directors made up of these regions.
And we aren't political appointees.
And we come to these FOMC meetings.
with a totally different perspective than political appointees.
And that actually, even though it's kludgy, even though, yes, we got five votes and they rotate in and out, that actually was a stroke of genius.
And it's a reason why the central bank, the Fed, has existed for 100 and whatever, for 13 years, and it wasn't shut down like the first and second banks of the United States were.
There's kind of some crazy.
I guess that's the speaker of the House and the majority leader were both from Missouri.
And the Federal Reserve Act, I think, kind of came down to one vote.
St.
Louis and Kansas City.
Two of the 12 are in Missouri.
We got most of, 90% of the economies of Iowa, Michigan, Illinois, Indiana, Wisconsin, heart of the Midwest.
Now, importantly, if you go look at the economy, most of the economy in any place is,
kind of macro is the same everywhere.
It's the thing that is distinctive of Chicago's district.
It is the most manufacturing intensive of all the districts.
You're quite right.
But manufacturing is still not the majority of the economy.
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