Boston Fed Appoints New First VP, COO

The Federal Reserve Bank of Boston has named Karen A. Pennell its new first vice president and chief operating officer. She will replace Kenneth C. Montgomery, who will retire this spring.

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.

Boston Fed Names New Board Members

State Street Corp. Chairman and CEO Ronald O’Hanley has been elected to the Federal Reserve Bank of Boston’s board of directors effective Jan. 1, the Boston Fed said in a statement yesterday.

Boston Fed Launches Wealth Gap Research Project

Aiming to update its groundbreaking 2015 research into Boston’s racial wealth gap and help identify solutions, researchers at the Federal Reserve Bank of Boston announced a three-year research partnership with the Greater Boston Chamber of Commerce and several prominent foundations this week.