11 Facts About Eric Rosengren

Eric Rosengren was born in Ridgewood, New Jersey, the grandson of a Swedish immigrant.

Eric Rosengren then spent one year in Australia as a Thomas Watson Fellow.

Eric Rosengren has held senior positions within the Federal Reserve in both the research and bank supervision functions.

Eric Rosengren joined the Federal Reserve Bank of Boston in 1985 as an economist in the Research Department.

Eric Rosengren 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.

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Eric Rosengren assumed the additional title of Chief Discount Officer in 2003, and in 2005, he was named Executive Vice President.

Eric Rosengren 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.

Eric Rosengren 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, and running a competition for postindustrial New England communities to develop cross-sector collaboration and ultimately help improve the lives of lower-income residents.

In 2020, Eric Rosengren directly traded sizeable amounts of four REITs, including Annaly Capital Management Inc, a REIT that holds mortgage-backed securities.

Eric Rosengren was criticized for these activities, which involved trades of tens and hundreds of thousands of dollars, and which critics claimed undermined confidence in the activities of the Federal Reserve.

Eric Rosengren was due to retire in June 2022 when he reached the mandatory retirement age of 65.