Boston Fed President Eric Rosengren resigns
Boston Fed President Eric Rosengren, one of the senior Fed officials caught up in the trading disclosures scandal earlier this month, has abruptly decided to retire on Sept. 30, according to ZeroHedge.
wow— Brian Chappatta (@BChappatta) September 27, 2021
*FED'S ROSENGREN ANNOUNCES HE WILL RETIRE SEPT. 30
Rosengren's earlier retirement coincides with an ongoing review of policies concerning trading activities of reserve bank presidents after recent reports that Rosengren and Dallas Fed President Rob Kaplan traded individual stocks or ETFs last year. He cited a health condition in accelerating by nine months what would've been a mandatory retirement.
Rosengren resignation letter to Powell pic.twitter.com/KO8KAskumz— zerohedge (@zerohedge) September 27, 2021
His first vice president, Kenneth Montgomery, will assume the role of interim president and CEO of the Boston Fed bank until a permanent replacement can be found.