Boston Federal Reserve President Eric Rosengren says that he’s retiring nine months ahead of schedule, citing deteriorating health from a longstanding kidney condition, with the announcement following recent controversy over trades he made during the pandemic. His last day will be Sept. 30. The announcement, which came in a Sept. 27 letter (pdf) to Federal Reserve Chairman Jerome Powell, follows an uproar over trades he made in 2020, which were permitted by the Fed’s ethics rules but sparked criticism over potential conflict of interest. Rosengren said in the letter he was resigning ahead of his scheduled retirement in June 2022—when he would have reached the mandatory retirement age of 65—”to address some serious health issues that worsened in the last 18 months and must be addressed.” “It has become clear that I should aim to reduce my stress so that I can focus on my health issues, and postpone for as long as …
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