🦅 “Fed Prez” — Interview with Federal Reserve President Austan Goolsbee on Money, Inflation, & When You Can Buy a House
The Best One Yet
Nick & Jack Studios
4.6 • 9.8K Ratings
🗓️ 25 May 2026
⏱️ 57 minutes
🧾️ Download transcript
Summary
Whip open your wallets, because no one affects your paycheck like this man. We just sat down with Austan Goolsbee — President of the Federal Reserve Bank of Chicago. He’s a Macarthur Genius, former Chair of Obama’s Economic Advisors, and the coolest economist we know: Picture Ted Lasso meets Paul Volcker… He’s the Maestro of our Money Supply, and he guided the economy through the ‘08 financial crisis and today’s Inflation Situation.
So Auston spilled the money beans for us: The 2009 phone call with the President that was the worst financial briefing since the Great Depression… What it’s like in the room when he votes to change interest rates (spoiler: The table is huuuuge)... How he’d grade outgoing Fed Chair J-Poww… and why he’s not a “Dove” or a “Hawk” — He’s a “Data Dog.”
If you want to know when you can finally afford buy a house, then Austan Goolsbee has the insights on the forces affecting that — And he makes dropping data sound as smooth as a beer commercial.
CHAPTERS:
Intro: Austan Goolsbee Joins TBOY
Obama's "Worst Briefing Since 1932" — Goolsbee On The 2009 Financial Crisis
Paul Volcker's One Rule For Every Crisis: Don't Blow Your Credibility
The 31% Housing Rule: Why Most Americans Are At Foreclosure Risk
Why Housing Has Compounded 5% A Year For 25 Years
Did Tariffs Cause Inflation? Goolsbee On The 1% Bump
Is Stagflation A Real Threat In 2026? Goolsbee Says "We're Not 1978"
Will AI Take Your Job? The Lump Of Labor Fallacy Explained
Why The Federal Reserve Has 12 Regional Banks
Inside The FOMC: How The Fed Actually Sets Interest Rates
Goolsbee On Kevin Warsh: The New Fed Chair & Why The Job Matters
The "Data Dog" Approach: What Goolsbee Watches Instead Of CPI
Fed Independence: Why Inflation Roars Back Without It
Goolsbee's Jerome Powell Grade: First Ballot Hall Of Famer
Rapid Fire: Sunk Cost Fallacy, Ditka, And Best Chicago Restaurant
NEWSLETTER:
https://tboypod.com/newsletter
OUR 2ND SHOW:
Want more business storytelling from us? Check our weekly deepdive show, The Best Idea Yet: The untold origin story of the products you're obsessed with. Listen for free to The Best Idea Yet: https://wondery.com/links/the-best-idea-yet/
NEW LISTENERS
Fill out our 2 minute survey: https://qualtricsxm88y5r986q.qualtrics.com/jfe/form/SV_dp1FDYiJgt6lHy6
GET ON THE POD:
Submit a shoutout or fact: https://tboypod.com/shoutouts
SOCIALS:
Instagram: https://www.instagram.com/tboypod
TikTok: https://www.tiktok.com/@tboypod
YouTube: https://www.youtube.com/@tboypod
Linkedin (Nick): https://www.linkedin.com/in/nicolas-martell/
Linkedin (Jack): https://www.linkedin.com/in/jack-crivici-kramer/
Anything else: https://tboypod.com/
About Us: The daily pop-biz news show making today’s top stories your business. Formerly known as Robinhood Snacks, The Best One Yet is hosted by Jack Crivici-Kramer & Nick Martell.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | We are going to glaze you. |
| 0:01.5 | Like, donut prices are going to pop, or going to glaze you so much. We wrote a little poem for you, basically. That's how we wanted to bring you on to the show. That's not my way, but it is... Yiddies, check your checkbook at the door and whip open your wallet. Because today's guest sits on the Jedi Council of the American Economy. Austin Gouldsby is the president of the Federal Reserve Bank of Chicago. |
| 0:22.6 | One of 12 Fed presidents, he looks over our markets like Batman does. |
| 0:26.6 | And when the Fed raises or cuts interest rates like it's done a dozen times since the pandemic jack, |
| 0:30.6 | Austin is actually one of the votes that made that happen. |
| 0:33.6 | Boom, he's got a Yale PhD, a MacArthur genius, worked at the White House |
| 0:37.7 | after the 08 financial crisis. And according to student surveys, he's the most popular professor |
| 0:42.6 | at the Booth School of Business. And just like Dick Butkus, he is leading Chicago's defense, |
| 0:48.4 | Jack. But instead of Blitzes, Austin does beige books. Basties, it's been said that this man has |
| 0:53.7 | the mind of an economist, but the voice of a beer commercial. Personally, he reminds us of a financially trained Ted Lassow. So, on today's show, we're going to hear where our economy is headed and what's up with all those interest rates. And whether Stagflation is a real boogeyman you should worry about or not. We'll also learn what the Fed actually is from the president |
| 1:11.9 | himself. Yeah, it is. We have with us, the prince of policy, the maestro of the money supply, and the |
| 1:18.2 | king of quantitative easing. Austin Gouldsby as president and CEO of the Federal Reserve Bankup. Should |
| 1:24.2 | I do it in an accent again, Jack? Go for it. Chicago. |
| 1:28.2 | And today's interview with Austin is the best one yet. |
| 1:31.1 | Austin, great to have you with us. |
| 1:33.0 | Man, half of that was BS, but I really enjoyed it. |
| 1:36.3 | I really enjoyed it. |
| 1:37.6 | And I do, from my first day, you can ask anybody here, my first day, I said, |
| 1:43.6 | look, I'm a fan of da bears, and this is da bank. And that's the |
| 1:48.6 | way we do it. That's the takeaway right there. Austin, so, so great to have you with us. |
| 1:53.6 | You know, Jack and I were driving a deep T-boy style to your background. Your dad ran a trailer |
| 1:59.0 | manufacturing company, not a typical finance |
... |
Transcript will be available on the free plan in 14 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Nick & Jack Studios, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Nick & Jack Studios and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.