Eric S. Rosengren
Eric Rosengren | |
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| 13th President of the Federal Reserve Bank of Boston | |
| Assumed office July 23, 2007 | |
| Preceded by | Cathy Minehan |
| Personal details | |
| Born | June 3, 1957 Ridgewood, New Jersey, U.S. |
| Education | Colby College (BA) University of Wisconsin, Madison (MSc, PhD) |
Eric S. Rosengren (born June 3, 1957) took office on July 23, 2007, as the thirteenth president and chief executive officer of the Federal Reserve Bank of Boston, serving the First District. In 2007, he was a voting member of the Federal Open Market Committee.
Early life and education[]
Rosengren was born in Ridgewood, New Jersey, the grandson of a Swedish immigrant.[1] He graduated summa cum laude from Colby College with a B.A. and highest honors in economics.[2] He then spent one year in Australia as a Thomas Watson Fellow. Following his year in Australia, he went to the University of Wisconsin, Madison, where he earned an M.S. in economics in 1984 and a Ph.D. in economics in 1986.[3]
Career[]
Rosengren has held senior positions within the Federal Reserve in both the research and bank supervision functions. He joined the Federal Reserve Bank of Boston in 1985 as an economist in the Research Department. He was promoted to Assistant Vice President in 1989 and to Vice President in 1991 as head of the Banking and Monetary Policy section of the Research Department.[3] In 2000, he was named Senior Vice President and head of the Supervision and Regulation Department. He assumed the additional title of Chief Discount Officer in 2003, and in 2005, he was named Executive Vice President. While in the bank supervision function, he obtained significant domestic and international regulatory experience related to the Basel II Capital Accord.[4]
In his work as an economist, Rosengren has made the link between financial problems and the real economy a focus of his research, and he has published extensively on macroeconomics, international banking, bank supervision, and risk management. He has been an author on over 100 articles and papers on economics and finance, including articles in many of the top economics and finance journals.
He has led a number of efforts to expand the Boston Fed’s outreach and impact on low- and moderate-income communities – among them hosting sizable foreclosure-prevention workshops for New England residents during the Great Recession,[5] and running a competition for postindustrial New England communities to develop cross-sector collaboration and ultimately help improve the lives of lower-income residents.[6]
References[]
- ^ "The view from the Boston Fed". Boston.com.
- ^ "Archived copy". Archived from the original on 2012-02-08. Retrieved 2007-08-24.CS1 maint: archived copy as title (link)
- ^ Jump up to: a b "Federal Reserve Board - Federal Reserve Bank of Boston".
- ^ "Federal Reserve Board - Eric Rosengren named president of the Federal Reserve Bank of Boston".
- ^ Boston, Federal Reserve Bank of (2008-07-17). "Gillette Stadium to Host Foreclosure Prevention Workshop for Struggling Homeowners". Federal Reserve Bank of Boston. Retrieved 2021-08-31.
- ^ Boston, Federal Reserve Bank of (2018-01-04). "Working Cities Challenge". Federal Reserve Bank of Boston. Retrieved 2021-08-31.
External links[]
- Boston Fed biography
- Federal Reserve Bank biography
- Biography at the Federal Reserve System Web site.
- "Eric S. Rosengren". EconPapers.
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- 1957 births
- 21st-century American economists
- American people of Swedish descent
- Colby College alumni
- Economists from Massachusetts
- Economists from New Jersey
- Federal Reserve Bank of Boston presidents
- Federal Reserve economists
- Living people
- People from Ridgewood, New Jersey