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.
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.
Eric Rosengren, the former president and CEO of the Federal Reserve Bank of Boston, has joined Berkshire Bank’s board of directors.
Eric Rosengren, president of the Federal Reserve Bank of Boston, will retire this week, citing a dramatic downturn in his health.
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.
The head of the Federal Reserve Bank of Boston is not as optimistic about what’s to come for the national economy as other monetary policymakers.
The unemployment rate will likely rise at least as high as it did in the wake of the 2008 financial crisis and the country’s GDP appears on track for two quarters of negative growth as the coronavirus pandemic continues to take its toll, the head of the Federal Reserve Bank of Boston said Wednesday.
Most Federal Reserve officials believe that the three rate cuts they have made this year would be enough unless the economy weakened significantly.
The Federal Reserve cut its benchmark interest rate Wednesday for the third time this year to try to sustain the economic expansion in the face of global threats. But it hinted that it won’t likely cut again this year.
Federal Reserve Bank of Boston President Eric Rosengren said he didn’t think the rate cut was necessary, and released four charts to explain his position.
Amid all the signs of trouble ahead, what if the recession-mongers are actually wrong this time? Such is the reassuring, if counterintuitive, case Boston Federal Reserve Bank chief Eric Rosengren laid out last week
Economic activity in the Greater Boston region recently expanded at a modest to moderate pace amid signs of slowing growth, according to the latest observations of the Federal Reserve Bank of Boston.
The head of the Federal Reserve Bank of Boston on Wednesday advocated for the nation’s central bank to be patient and wait out some of the recent volatility in the markets before charting a new course on monetary policy.
Speaking at a conference in Boston Friday, Eric Rosengren said he also expects current low inflation, the main factor that could hamper projected interest-rate hikes, to get much closer to the Fed’s 2 percent target next year.
Rising commercial real estate prices in the U.S. could intensify problems in an economic downturn further down the road, the president of the Boston Fed said this week before a banking supervision conference.
Speaking before a local chamber of commerce, Boston Fed President Eric Rosengren today reiterated his support for a gradual tightening of monetary policy now that the labor market has tightened and the inflation rate slowly returns to the Fed’s 2 percent target.