- Boston Federal Reserve President Eric Rosengren announced he is stepping down on Thursday, citing health concerns.
- The move comes nine months ahead of his planned retirement in June.
- The announcement comes on the heels of controversy the regional Fed leader had faced regarding personal stock trading.
Boston Federal Reserve President Eric Rosengren announced Monday he is stepping down from his position on Thursday retiring nine months earlier than he had planned, citing health concerns.
In his announcement, which came weeks after an uproar over his trading in individual stocks in 2020, Rosengren revealed that he has been on a kidney transplant list since June 2020.
Rosengren and Dallas Fed President Robert Kaplan were most prominent in the controversy, and both subsequently promised to sell all their individual stock holdings. The Fed has pledged to tighten its rules around what assets its officials can own.
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