Boston Fed First VP, FedNow Head to Retire

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.

MACDC Picks New President

The trade group representing the state’s nonprofit community developers has picked a new chief executive to replace Joe Kriesberg, who left earlier this year to helm the MassINC think-tank.

Wu Seeks Majority on BPDA Board

Boston Mayor Michelle Wu may be on vacation this week, but she still made a splash in city development politics by announcing she was replacing two members of the board controlling the Boston Planning & Development Agency, an entity she’s sought to dismantle.