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Boston Fed leader Rosengren announces early retirement in a trading dispute

Federal Reserve Bank of Boston Governor Eric Rosengren will retire on Thursday about nine months early for health reasons as veteran policymakers have been controversial about trading in financial markets. ..

Rosengren, 64, said in a statement released by the Federal Reserve Bank of Boston that he would resign because he was eligible for a kidney transplant to deal with a long-term condition. The move will accelerate the timing of retirement from banks next year after Rosengren has worked for the agency for 35 years. In most cases, the Fed’s regional leaders had to retire at the age of 65, and Rosengren was scheduled to leave the bank in June next year.

Boston Fed leader Rosengren announces early retirement in a trading dispute

Source link Boston Fed leader Rosengren announces early retirement in a trading dispute

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