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The Latest Breaking News from Austan Goolsbee

Stock Index Futures Plunge as Investors Weigh Interest Rate Outlook

December S&P 500 futures (ESZ23) are down -0.40%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.53% this morning as market participants continued to price in an extended period of elevated interest rates.

Barchart

Michael Hiltzik: Wage growth doesn't drive inflation. So why is the Fed out to crush workers?

Federal Reserve Chairman Jerome Powell and his colleagues have made major mistakes in their battle with inflation.

Los Angeles Times

Persistently high inflation is causing a split among Federal Reserve officials over next steps

The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes in March 2022

The Independent UK

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Yellow morels arrive in this weird spring for hunting morel mushrooms

Signs are that we are in a compact season for picking morel mushrooms in this weird spring around Chicago outdoors.

Chicago Sun-Times

Rising turmoil is making Fed's rate decisions more perilous

Poised to raise interest rates Wednesday for a 10th time, Federal Reserve officials are facing two competing economic trends that could make their future rate decisions more difficult and treacherous

The Independent UK

Inflation eased in March but prices are still climbing too fast to get comfortable

Consumer prices in March were up 5% from a year ago. While inflation has eased from a four-decade high last summer, prices are still rising faster than the Federal Reserve would like.

WEKU

Stock Index Futures Move Higher Ahead of U.S. Inflation Data, Fed Minutes

June S&P 500 futures (ESM23) are up +0.28%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.21% this morning after three major U.S. benchmark indices finished the regular session mixed as market participants looked ahead to crucial U.S. inflation data that could shed light on Federal Reserve’s next interest-rate…

Barchart

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Goolsbee’s wife works at firm that helped pick him for Fed job

WASHINGTON — The search firm hired by the Federal Reserve Bank of Chicago to help find a new president includes among its executives the wife of Austan Goolsbee, the person ultimately picked for the role.

Tribune News Service

Senate pressure mounts on Biden to nominate first Latino to Fed - Roll Call

Several Senate Banking Committee Democrats are pushing President Joe Biden to nominate a Latino for the Federal Reserve Board.

Roll Call

Biden eyes Fed vacancy with Goolsbee reported to be in mix

White House officials have reached out to a key Democratic ally in the Senate to discuss filling the vacant role of Fed vice chair, with the Wall Street Journal reporting that Chicago Fed President Austan Goolsbee is under consideration for the post.

Tribune News Service

Ex-Obama adviser Goolsbee to lead Chicago Fed

Austan Goolsbee, an economics professor at the University of Chicago who is a frequent commentator in opinion columns and television appearances, will succeed Charles Evans.

Chicago Sun-Times

Chicago Fed names ex-Obamba adviser Goolsbee as next leader

Austan Goolsbee, who was a top economic adviser to President Barack Obama, has been chosen as the next president of the Federal Reserve Bank of Chicago, the regional Fed bank announced

The Independent UK

"Jobs day" is the new "CPI day"

The jobs numbers once again are front burner.

Axios

A ‘trove’ of Chicago morel mushrooms in Hyde Park earn Morel of the Week honors

Austan Goolsbee and son Addison found a “trove” of morel mushrooms in Hyde Park to earn Morel of the Week honors.

Chicago Sun-Times

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The Guardian - US

Will rising prices sink Biden’s midterm hopes for Democrats?

Inflation hit 8.5% in March as a mix of post-pandemic demand, price gouging and the Ukraine war dragged down Biden’s ratings

Los Angeles Times

Michael Hiltzik: The FTC sues TurboTax for trying to keep you from filing your taxes for free

For what seems like forever, Americans have been asking why it's so damn hard — and expensive — to file their taxes.

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