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

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 🐌💕

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.

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...

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

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

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...

An irrefutable thing about sports is fans will largely support anything—good or bad—if wins come with it. www.washingtonpost.com/sports/2025/...

“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...

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.

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 👇

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

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...

May the 4th be with us, now more than ever.

@normornstein.bsky.social's beautiful and important remembrance of Paul Volcker. contrarian.substack.com/p/rememberin...

Happy Saturday!

Ugh. She was a great scholar and a lovely person. We will miss her good sense.

CALL FOR PAPERS🚨! The Federal Reserve Bank of Chicago will be hosting the inaugural meeting of the Annual Conference on Municipal Bond Markets on October 3-4, 2025. We invite submissions of unpublished and highly policy-relevant papers on the muni market. (1/4)

The worst kind of journal referee is the one that feels like they always need to write a certain amount The better your article gets the more persnickety they become It's OK to like something!

"If you start seeing market-based long-run inflation expectations start behaving the way these surveys have done in the last two months, I would view that as a major red flag area of concern." -Austan Goolsbee www.ft.com/content/09fb...

"Having the absolute highest standards of data quality, which the United States government statistical agencies have, is absolutely crucial,” @goolsbee.bsky.social, president of the Chicago Fed, told the @financialtimes.com this week. #DataInfrastructure #CountOnStats www.ft.com/content/57ef...

Happy Chonkday! Post weekend party eating…

After decades of stagnation, restaurant industry productivity surged after emergence from pandemic due in part to shorter customer dwell times, from Austan Goolsbee, Chad Syverson, Rebecca Goldgof, and Joe Tatarka https://www.nber.org/papers/w33555

New working paper, "The Curious Surge of Productivity in U.S. Restaurants," from Austan Goolsbee, Chad Syverson (Chicago Booth), Rebecca Goldgof, and Joe Tatarka. ow.ly/R3SU50VfJEX #EconSky #Productivity

In an interview, Austan Goolsbee says a situation in which inflation stays sticky while growth deteriorates is "on the radar screen" as a result of Trump's policies. "That’s a stagflationary impulse…There isn’t a generic answer to what you’re supposed to do." www.nytimes.com/2025/03/07/b...

[some-subscribed-rss] New Post: At the Money: Austan Goolsbee, Chicago Fed President on Tariffs, Inflation and Monetary Policy, by Barry Ritholtz https://ritholtz.com/2025/03/atm-austan-goolsbee-tariffs-inflation/

"It's extremely important when watching inflation to take a through line, not follow every blip up and down," Chicago Fed President Austan Goolsbee told AFP Wednesday. "In my mind, overall, the conditions have not changed." www.france24.com/en/live-news...

Some groups are working to archive and save government websites and data right now. Among them: WayBack Machine (my screengrab below is from) End of Term Crawl Harvard Law Library Innovation Lab ICPSR 19th News PolicyMap Public Environmental Data Partners Environmental Data & Governance Initiative

Incredible experience. @tracyalloway.bsky.social and I got to take a tour of the cash operations at the Federal Reserve Bank of Chicago, and watched and learned how billions of dollars of bills are secured, sorted, and shipped out to banks. podcasts.apple.com/us/podcast/h...

Buried lede: @goolsbee.bsky.social and the Chicago Fed vault!

NEW *SPECIAL* ODD LOTS This one's a bit different. @weisenthal.bsky.social and I go inside the vaults of the Chicago Fed, and take a tour of the bank's massive cash operations with @goolsbee.bsky.social podcasts.apple.com/us/podcast/h...

CNBC EXCLUSIVE: Key Census data taken down. www.cnbc.com/2025/02/06/s...

Fellowship Opportunity: The AEA Summer #Economics #Fellowship allows fellows to spend a summer in residence at a sponsoring research institution. The application portal is now open: www.aeaweb.org/committees/s... Application deadline: February 1, 2025. #Econsky

Once again, a natural disaster exposes the angry ignorance of how insurance works.

“I don’t understand what produce in the Central Valley has to do with fires in LA” this is the subject of one of the most famous movies ever made, in which it is explained to Jack Nicholson at length by the director of The Maltese Falcon

I have questions

Janet Yellen, at age 78, is about to step down. You might agree or disagree with the way she has helped manage the U.S. economy, as Treasury Sec, chair/vice chair/member of FedReserve and economist; chair Council Econ Advisors during Clinton and an academic. What is clear: wow. Real public service.

Sentiment indicators are broken, chapter 4,248: #UMich @bloomberg.com