The Fed, Unreserved with Chicago Fed President Austan Goolsbee

**Jon Stewart** (0:00)
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Hey, everybody, welcome to The Weekly Show podcast. My name is Jon Stewart. I'll be hosting this week's episode. It is Tuesday, July 14th. We are heading into the semifinals of the World Cup coming. Tomorrow is gonna be two, I think, incredible matches.
We are back at war with Iran. So the world is stabilizing, becoming more normal now. The Iran war will just be a low level fire that is just burning for years and years underneath the surface of the Earth's mantle.
It is Tuesday, obviously, Lindsey Graham passed over the weekend. This won't air till Wednesday. Who knows how many more of the assisted living facility we call our United States government, how many more will fall till then. But we're not gonna talk about that. This, you know, the new CPI report, the new inflation report came out and it's creating ripples about what the Fed might possibly do. And it occurred to me that I have no fucking idea how they do that, what they do and how they do it. And so I am very excited. We are gonna get inside scoop, ladies and gentlemen, not from a Fed observer, not from a Bloomberg analyst. No, my friends, from someone inside the belly of the beast, inside the room where it happens, a president of a regional Fed, Chicago no less, the great city of Chicago. They, my friends, have sent us one of their best representatives. Did he get to go see Mulaney at Wrigley Field? He might not have, but a hell of a show that was if you were there. But ladies and gentlemen, let's get to our president of the Chicago Fed right now.
Ladies and gentlemen, what an exciting day on The Weekly Show podcast. We welcome back an old friend, a long-lost pal, a king of the world of economics, Austan Goolsbee, who is now, beyond all expectation, the president of the Federal Reserve Bank of Chicago. Austan Goolsbee, how are you, sir?

**Austan Goolsbee** (4:58)
Jon, you thought they built the walls of the vault to keep people like me out of here. But listen, it didn't work.