The Biden administration is reportedly looking at former Obama economic adviser Austan Goolsbee as an option to replace Lael Brainard as vice chair of the Federal Reserve.
Goolsbee, 53, served as chair of the Council of Economic Advisers under President Obama from 2010 to 2011 and was a professor at the University of Chicago for several years before he took the helm as president and chief executive of the Chicago FedPresident Barack Obama, second from right, with members of his cabinet and economics team at the White House Sept. 15, 2010, in Washington, D.C. Council of Economic Advisors Chairman Austan Goolsbee is second from the left.
Although Goolsbee served under the Obama-Biden administration previously, he has not been in lockstep with President Biden's economic agenda.
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