Will the Fed use regional openings to diversify its leadership?

Oct 7, 2021
A group of directors at each regional bank is in charge of forming a search committee to hire a new president.
Federal Reserve Chairman Jerome Powell has expressed support for diversifying the regional Fed banks.
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Boston Fed president: We need fiscal policy until pandemic is under control

Eric Rosengren says that the Fed's Main Street Lending Program started off slow, but interest in borrowing has increased.
The Federal Reserve is doing its part to help support businesses with a pile of money to lend to small- and medium-sized operations.
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Boston Fed president: "Social distancing is expensive"

"Until we have a vaccine and people are completely comfortable, the duration and severity of this downturn are hard to determine," Boston Fed President Eric Rosengren said.
Eric Rosengren thinks it will be "some time" before people are comfortable attending social events in the same way. "And that means it's going to be some time before the economy is fully recovered."
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