ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The Seventh Federal Reserve District comprises most of Illinois, Indiana, Michigan, Wisconsin, and all of Iowa.

Detailed explanation-2: -Austan D. Goolsbee took office on January 9, 2023, as the 10th president and chief executive officer of the Seventh District, Federal Reserve Bank of Chicago.

Detailed explanation-3: -We are committed to fostering economic opportunity by advancing a healthy, inclusive economy and promoting a trusted financial system. We serve the Seventh District, an economically and demographically diverse region made up of Iowa and most of Illinois, Indiana, Michigan, and Wisconsin.

Detailed explanation-4: -To this end, the Federal Reserve Bank of Chicago participates in the formulation and implementation of national monetary policy, supervises and regulates designated financial institutions, and provides financial services to depository institutions and the U.S. government.