Slate Money | The Coolest Thing in the World for an Econ Nerd

Slate News

Slate Podcasts

News, News Commentary, Politics

4.6 • 6K Ratings

🗓️ 28 November 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week: Chicago Fed President Austan Goolsbee joins Felix Salmon, Elizabeth Spiers, and Emily Peck for an in-depth discussion on what exactly the Fed does. They’ll get into how voting and deliberation works at the FOMC, the different eras of the Fed’s communication strategy, his response to the Fed haters, and Data Dogs vs Data Cats. In the Slate Plus episode: Austan Goolsbee Interview Post-Mortem. Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hello and welcome to a very special Thanksgiving episode of Slate Money, your guide to the Business and Finance News of the Week.
0:18.0	I'm Felix Samuel of Bloomberg. I'm here with Elizabeth Spires of New York Times.
0:22.6	Hello.
0:23.6	I'm here with Emily Peck of Axios.
0:25.6	Hello, hello.
0:26.6	And we are going to be talking this week
0:29.6	with the president of the Chicago Fed.
0:33.6	We are going to be talking to Austin Goulsby,
0:36.6	who probably needs no introduction. He's been in the
0:40.1	headlines, well, ever since the Obama campaign in 2008, when he was advising the candidate Obama
0:46.9	on economic policy, he went into the White House. He has now switched over to monetary policy.
0:51.8	We're going to talk about that switch. We're going to basically talk about what is the Fed.
0:56.0	He is a voting member, some of the time, on the open market committee that sets interest rates.
1:01.0	We're going to ask, how do they set interest rates? What do they think about?
1:04.0	What happens in the room?
1:06.0	How have things changed since the days of Volker and Greenspan?
1:10.0	And then do stick around for this slate Plus segment where Emily and Elizabeth and I try and
1:15.5	work out what we just heard from Austin, we unpack the whole thing and manage somehow inevitably
1:20.9	to talk about avocado toast.
1:23.1	It all comes back to avocado toast.
1:24.9	It's a really, really good conversation.
1:27.4	So stay tuned. It's all coming, really good conversation, so stay tuned.
	...

Transcript will be available on the free plan in 28 days. Upgrade to see the full transcript now.

Previous episode

Disclaimer: The podcast and artwork embedded on this page are from Slate Podcasts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Slate Podcasts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.