Austan Goolsbee

It was an honor to host Federal Reserve Bank of Chicago President and CEO @goolsbee.bsky.social last night at our Q1 board meeting, where he engaged in a Q&A with our board member Liz Buchanan of NielsenIQ.

Thank you, President Goolsbee, for sharing your insights and time with our board!

This morning, the @chicagofed introduced new labor market indicators that combine private sector data with official labor statistics to provide a real-time view of hiring, layoffs and other job separations, and an early forecast of the unemployment rate. www.chicagofed.org/research/dat....

Lollapalooza's day one of four kicks off today in Chicago's Grant Park.

The face of an old woman who has her first novel being published in the spring

Is Your Take-Out Order Making Fast-Food Restaurants More Productive? After decades of stalled growth, productivity has surged in US restaurants.

An increase in certain orders helped fuel a “curious surge” of productivity in US restaurants, according to Chicago Booth’s @goolsbee.bsky.social & Chad Syverson, NYU PhD student Rebecca Goldgof, and Booth research professional Joe Tatarka.

www.chicagobooth.edu/review/is-yo... #econsky

a few weeks ago I gave birth to this tiny human & became a mum. it’s been the most transformative & transcendental thing. also, physically tough with a challenging birth & lots of hospital trips since. mums are so badass. midwives are heroes. expect slow replies (& everything else) for a while 🐌💕

What movie did you see way too young?

When I was 10, CBS first aired ‘The Exorcist’ on TV. The baby sitter didn’t want to miss it and kept me up to watch.

It was less than an ideal choice.

Department chair: “Professor Bergstresser, we promised the seminar speaker 15 minutes uninterrupted time at the outset”

Exciting news from my corner of the stacks:

I’m now the American history books columnist at the New York Times.

JPE logo

The JPE thanks outgoing editor Lance Lochner for his distinguished service to the journal and looks forward to welcoming Christopher Walters to the editorial team in August. @chicagojournals.bsky.social #econsky

Calling all data dogs:

Vivian Tu, founder and CEO of @yourrichbff2.bsky.social, Jon Clifton, @Gallup.bsky.social CEO and I will have an @aspenideas.bsky.social at 12 p.m. CT today about signals vs. noise in economic data

www.chicagofed.org/publications...

2 in the afternoon = no samples

In Milwaukee this week, we heard from Molson Coors about economic conditions and what's happening across supply chains. Conversations like this one help us understand the economy in real-time.

Miss you Dad

It’s my dad’s line but yes.

A Fed Official Goes Hunting for Inflation Clues in the Heartland Faced with tariff uncertainty, policymakers are turning more to anecdotal information to guide their decisions.

Faced with tariff uncertainty, policymakers like Chicago Fed's Austan Goolsbee are turning more to visits and interviews with business owners to inform their decisions

Inflation Expectations Are Now Just Tariff Expectations As the Fed watches for signs that inflation may be persistent, a crucial factor will be how consumers see tariffs affecting prices.

I am a big fan of the Michigan Survey and asking people about the expectations more generally ... but my @opinion.bloomberg.com piece today comes down as the being *very* skeptical of the rise in longer-run inflation expectations. www.bloomberg.com/opinion/arti...

Commanders fans’ support for the team name is up dramatically now that they’re good

An irrefutable thing about sports is fans will largely support anything—good or bad—if wins come with it.

www.washingtonpost.com/sports/2025/...

Baccalaureate remarks by Chair Powell at the Princeton University Baccalaureate Ceremony Thank you, President Eisgruber, for the opportunity to speak here today. Congratulations to the Princeton University class of 2025 on the tremendous achievemen

“Fifty years from now, you will want to be able to look in the mirror and know that you did what you thought was right, in every part of your life. At the end of the day, your integrity is all you have.” Jay Powell www.federalreserve.gov/newsevents/s...

Fed Chair Powell praises integrity and public service amid unrelenting Trump attacks | CNN Business Being an honest public servant will always be a rewarding choice, Federal Reserve Chair Jerome Powell said Sunday at Princeton University amid months of unrelenting attacks from President Trump.

Being an honest public servant will always be a rewarding choice, Federal Reserve Chair Jerome Powell said in a speech at a pre-graduation ceremony at Princeton University amid months of unrelenting personal attacks from President Donald Trump.

Any Bears content is welcome at Da Bank

(curse you autocorrect)

Any Bears content is welcome at Dan Bank

Caleb Williams was phenomenal in week 12 vs a very tricky Vikings defense. Played fast, was accurate and decisive in structure, and sprinkled in a little extended magic 👇

The Curious Surge of Productivity in U.S. Restaurants | Becker Friedman Institute Following a brief dip at the outset of the pandemic, the restaurant industry experienced an unprecedented surge of 15% in . Both sales and visits per employee, measures that had been relatively steady...

U.S. restaurant productivity rose 15% during COVID, driven by take-out customers spending 10 min. or less inside, according to mobile phone tracking data. 🍔📲 Research by @goolsbee.bsky.social, Chad Syverson (@chicagobooth.bsky.social), Rebecca Goldgof, & Joe Tatarka here: ow.ly/3E1750VVQwe #EconSky

Newark Airport's Crisis Puts Spotlight on U.S. Air Traffic Controller Shortage As of May 7, all but two of the 313 air traffic control facilities in the United States were understaffed, a New York Times analysis found.

It’s not just Newark: Nearly all air traffic control facilities in the U.S. are understaffed.

Robert “Ed” Smylie, the NASA official who saved the Apollo 13 crew in 1970, has died at 95. He cobbled together an apparatus made of cardboard, plastic bags and duct tape after an explosion crippled the spacecraft as it sped toward the moon. nyti.ms/3Sbusb3

7th District’s first Pope

@chicagofed.bsky.social

Join us for Fed Listens tomorrow, May 9. Fed Listens is part of the Federal Reserve’s 2025 framework review, which focuses on monetary policy strategy, tools and communications. Watch live: www.chicagofed.org/events/2025/... x.com/messages/med...

Btw, this guy was not a plant. He randomly walked by the bank one day and our photographer saw him, stopped him, and took this shot.