Boston Fed president announces retirement amid trading controversy

Federal Reserve Bank of Boston President Eric Rosengren, who has been mired in an ethics controversy surrounding trades made during the pandemic, will be resigning nine months early because of health concerns.

Rosengren has been facing public scrutiny over trades of securities that could be influenced by Fed policy. The Boston Fed said in a news release that Rosengren, 64, would be out of his role by the end of the week. He had previously planned to retire in June of next year.