Former Boston Fed Head Cleared in Ethics Inquiry
Former Federal Reserve Bank of Boston President Eric Rosengren did not violate any laws or ethics rules in 2020 stock trades but created the appearance of a conflict of interest, investigators said.
Boston, NY Feds Upgrade Public Records Policies After Transparency Pressure
The Federal Reserve Banks of Boston and New York, and their 10 fellow regional Federal Reserve banks released a common public records policy this week following pressure from Congress to be more transparent.
Boston Fed President Says Low Unemployment Not Signal of ‘Full Employment’
“No one statistic can adequately characterize the labor market, since aggregate numbers do not show the wide range of experiences across people, sectors and places,” Susan Collins said.
Boston Fed First VP and COO to Retire in Spring
Kenneth C. Montgomery, the first vice president and chief operating officer of the Federal Reserve Bank of Boston, is set to retire in the spring after 40 years. Now the bank is launching a national search for a replacement.
Boston Fed President: Inflation Remains Too High
The president of the Federal Reserve Bank of Boston believes that inflation still remains too high and that policymakers are keeping an eye on price stability.
Boston Fed’s Collins: ‘Further Tightening Could Be Warranted’
Boston Federal Reserve President and CEO Susan M. Collins is expecting interest rates to remain at restrictive levels, hinting that the Fed may have to further increase key rates, depending on economic data to come.
Berkshire Bank Adds Former Boston Fed President to Board
Eric Rosengren, the former president of the Federal Reserve Bank of Boston, has joined Boston-based Berkshire Bank’s board of directors.
FedNow Payments System to Launch in July
The FedNow Service, the Federal Reserve’s real-time payments platform, will launch in July.
Boston Fed President: ‘I Anticipate Further Rate Increases’
The president of the Federal Reserve Bank of Boston thinks interest rates will have to rise by more than half a percent this year and stay high to make sure inflation is kept under control.
Two from CT Join NEPPC Advisory Board
The Federal Reserve Bank of Boston has named five new members to the advisory board of the New England Public Policy Center, including two from Connecticut.
Griffin, Rauh Added to Boston Fed Council
The Federal Reserve Bank of Boston has added two Connecticut bankers to its Community Depository Institution Advisory Council.
Federal Reserve Bank of Boston Names New President
Susan M. Collins, an economist and provost from the University of Michigan, has been named the next president and CEO of the Federal Reserve Bank of Boston.
CT Commits $2M to Continue Boston Fed’s Working Cities Challenge
Connecticut will continue to participate in the Federal Reserve Bank of Boston’s community development initiative that tackles issues ranging from inadequate child care to unemployment.
Fed Sees Climate Scenario Analysis As Key Tool for Banks
The Federal Reserve is working on developing a model to help financial institutions and regulators analyze the effects climate change could have on the industry and the economy.
Under Fire for Trading During Pandemic, Rosengren to Sell Investments
The president of the Federal Reserve Bank of Boston, Eric Rosengren, will sell all individual stocks he owns in the coming weeks after financial disclosures revealed that he had actively traded in real estate investment trusts during the pandemic.
Rural Renters Also Struggle During Pandemic
It’s not just urban dwellers who have faced difficulties paying the rent during the past year as the pandemic upended the economy.
Fed Terminates Enforcement Action with Santander
The Federal Reserve Board has ended its 2017 enforcement action with Santander and its auto lending division over its risk management program.
Latest Fed Beige Book Reflects Uneven, Plodding New England Economy
The regional economy continued its plodding recovery during October and into November but persistent uncertainty fogs a cautiously optimistic outlook for the coming months.
Main Street Lending Fully Operational for Nonprofits
Educational institutions, hospitals, social service organizations and other nonprofits affected by the pandemic can now receive loans through the Main Street Lending Program.
Liberty Bank, People’s United Among Main Street Lenders
The Federal Reserve Bank of Boston has published a state-by-state listing of lenders participating in the Main Street Lending Program.
