Eric S. Rosengren is the thirteenth president of the Federal Reserve Bank of Boston. He began his term in July 2007, after serving in various roles at the Bank since 1985.
Rosengren was born in Ridgewood, New Jersey. He graduated summa cum laude from Colby College with a bachelor’s degree in economics. He then spent one year in Australia as a Thomas Watson Fellow. Upon his return to the US, Rosengren attended the University of Wisconsin, Madison, where he earned a master’s degree in economics in 1984 and a PhD in economics in 1986.
Rosengren has held senior positions within the Boston Fed in both the research and bank supervision functions. He joined the Boston Fed in 1985 as an economist in the Research Department. In 1989 he was promoted to assistant vice president and then to vice president in 1991 as head of the Banking and Monetary Policy section of the Research Department. Rosengren was named senior vice president and head of the Supervision and Regulation Department in 2000. He assumed the additional title of chief discount officer in 2003, and in 2005, he was promoted to executive vice president. While in the bank supervision function, he obtained significant domestic and international regulatory experience related to the Basel II Capital Accord.
In his work as an economist, Rosengren has made the link between financial problems and the real economy a focus of his research, and he has published extensively on macroeconomics, international banking, bank supervision, and risk management. He has been an author of over one hundred articles and papers on economics and finance, including articles in many of the top economics and finance journals.
Rosengren is a director of the United Way of Massachusetts Bay and the Merrimack Valley, a trustee of Colby College, and a member of advisory boards at Colby College and the University of Wisconsin.
Rosengren is married to Teruni Chanmugam and has two children.
Written by the Federal Reserve Bank of Boston. See disclaimer.