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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So we don't just represent.

You're taking a macro view.

We're taking a macro view, but it does inform when we've got into all the tariff

discussions and liberation day of the seven most affected states by tariffs.

Four of them are in my district in Chicago.

So when I'm out talking to business people, talking to civic leaders, their hair is on fire and they want to talk about supply chain.

They want to talk about

if tariffs apply to their components and supplies, how it's going to end up turning into inflation because their costs are going to go up.

And so I'll try to bring that when I go to the meetings.

I'll try to bring that perspective.

And I am in the greatest of all the Fed districts.

Totally, yes.

And only one small part of interest rates.

So we set an overnight rate, which affects short-run interest rates.

But a mortgage is like a 30-year mortgage.

And the...

determination of those long rates, as they call it, the market has a lot to say about that.

So what we do is important.

But as I described, it's kind of like we're this big of the universe.

But boy, in this part of the universe, what the Fed does makes a huge difference.

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