Financial Stability Advisory Council
The purpose of the Financial Stability Advisory Council (FSAC) is to promote communications between the Chicago Fed and representatives from the academic and business economics communities.
The council meets twice a year to provide views on developments in financial markets and policy and their implications for financial stability to Chicago Fed President Austan Goolsbee and other senior officials of the Bank.
Council Communications Guidelines
External panelists are free to share information and opinions as desired and as permitted by their respective institutions. Participation by President Goolsbee and Federal Reserve Bank of Chicago (FRBC) staff will be governed by the rules of the FRBC and the communications guidelines of the Federal Open Market Committee’s Policies on External Communications of Committee Participants and of Federal Reserve Staff. Notably, Federal Reserve participants are prohibited from discussing confidential monetary policy, supervisory or other non-public information. Furthermore, the opinions they express are solely their own and do not necessarily reflect the views of the Federal Reserve Bank of Chicago or the Federal Reserve System.
The membership of the Financial Stability Advisory Council is posted on the FRBC public website along with other standing FRBC advisory councils. The agenda and the FRBC staff presentations for each meeting are posted on this website; we encourage (but do not require) that external panelists making presentations allow them to be posted there or on their personal or business web pages. Outside of these public postings, the meetings will be governed by the Chatham House Rule; namely, unless otherwise specified, participants are free to use information they receive, but neither the identity nor affiliation of the speaker(s) may be revealed.
Council Members
Wilson Ervin
Board Member
Equilibrium Capital
Gita Gopinath
Gregory and Ania Coffey Professor of Economics
Harvard University
Nellie Liang
Senior Fellow in The Hutchins Center on Fiscal and Monetary Policy
Brookings
Gregor Matvos
Howard Berolzheimer Chair in Finance
Kellogg School of Management, Northwestern University
Andrew Metrick
Janet L. Yellen Professor of Finance and Management and Director of the Yale Program on Financial Stability
Yale School of Management
Matthew Rutherford
Principal
Bracebridge Capital
Amit Seru
Steven and Roberta Denning Professor of Finance
Stanford Graduate School of Business
Jeremy Stein
Moise Y. Safra Professor of Economics
Harvard University
Amir Sufi
Bruce Lindsay Distinguished Service Professor of Economics, Finance, and Public Policy
University of Chicago Booth School of Business
Nancy Wallace
Professor of Finance and Real Estate and the Lisle and Roslyn Payne Chair in Real Estate Capital Markets
Haas School of Business, UC Berkeley
Josh Younger
Portfolio Manager
Tudor Investment Corporation
Jeffery Zhang
Assistant Professor of Law
University of Michigan Law School
Haoxiang Zhu
Gordon Y Billard Associate Professor of Management and Finance
MIT Sloan School of Management
Patricia Zobel
Head of Macroeconomic Research and Market Strategy
Guggenheim Partners Investment Management
