Federal Reserve Banks
Federal Reserve Bank of Chicago
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; 58 counties of northern Illinois; 68 counties of southern Michigan; and 46 counties of southern Wisconsin.
Website: https://www.chicagofed.org/
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, Chief Executive Officer, and Vice Chair Health Care Service Corporation Chicago, Illinois |
2025 |
DETROIT BRANCH
| 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 |
| 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 |