WSJ: Chicago Fed Pres. Goolsbee under consideration for Fed Vice Chair position

The Wall Street Journal is reporting that newly installed Chicago Fed Pres. Austan Goolsbee is under consideration for the vice chair position at the Fed The Fed "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of Read this Term, replacing the departing Lael Brainard. Brainard was officially announced as the new director of National Economic Council yesterday. She will leave the central bank Central bank A central bank is a financial institution that manages a country's monetary policy, and that often also includes issuing and/or monitoring the currency and regulating the money supply. Central banks also typically act as a lender of last resort to banks in times of financial crisis, and may also supervise and regulate banks and other financial institutions. Examples of central banks include the Federal Reserve in the United States, the European Central Bank, and the Bank of Japan.The chief task A central bank is a financial institution that manages a country's monetary policy, and that often also includes issuing and/or monitoring the currency and regulating the money supply. Central banks also typically act as a lender of last resort to banks in times of financial crisis, and may also supervise and regulate banks and other financial institutions. Examples of central banks include the Federal Reserve in the United States, the European Central Bank, and the Bank of Japan.The chief task Read this Term next week.

Goolsbee took over for departing Chicago Fed Pres. Evans just last month. He previously was the top economic advisor to Pres. Obama. He was also a professor of economics at the University of Chicago Booth school of business.

In his first meeting as a Fed president, he voted to raise interest rates by 25 basis points. It is not commented on the economy or on policy since becoming Chicago Fed President.

Clearly, Goolsbee has come out swinging in his short tenure at the Fed.