Thursday, October 28, 2021

Boston Fed chief Eric Rosengren is retiring 9 months early due to kidney condition

27 September (WNN) — Eric Rosengren, president and CEO of the Federal Reserve Bank of Boston, announced Monday that he has decided to retire nearly a year early due to concerns about a kidney condition.

Rosengren, 64, said he had had a kidney condition for some time and qualified to be on the transplant list last year.

The bank said delaying dialysis could improve if Rosengren “makes lifestyle changes now to reduce the risk of his condition.”

Rosengren, who has been working at the bank since 1985 and chairman since 2007, was due to retire the following June. Thursday will be his last day.

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“It is an honor to serve in the Federal Reserve System, in a job where one can continue to serve the economic and financial well-being of the country and New England,” Rosengren said in a statement.

“I know that my colleagues will build on our progress, and continue to make a difference to the public we serve.”

Rosengren’s retirement comes after he faced criticism for the real estate investments he made during the COVID-19 pandemic.

The bank’s chief operating officer Kenneth Montgomery will serve as interim chairman until a permanent successor is named.

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