Fed President Who Came Under Fire for Market Trades Will Retire Early

 Fed President Who Came Under Fire for Market Trades Will Retire Early

A Federal Reserve Bank president who recently came under fire for securities trading he engaged in last year, when the central bank was active in rescuing financial markets from the pandemic crisis, said he would retire nine months ahead of schedule.

Eric S. Rosengren, who is president of the Federal Reserve Bank of Boston, will retire Sept. 30, he said in a news release. Mr. Rosengren said that he was retiring to try to prevent a kidney condition from worsening, to stave off dialysis.

“Eric has distinguished himself time and again during more than three decades of dedicated public service in the Federal Reserve System,” Jerome H. Powell, the Fed chair, said in a statement released alongside the news.

Mr. Rosengren was one of two Fed presidents whose financial activity in 2020 had drawn scrutiny in recent weeks. He held stakes in real estate investment trusts and listed purchases and sales in those, at a time when he was warning…

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