Boston Fed President To Retire Earlier Than Planned

The president of the Federal Reserve Bank of Boston is retiring this week, nine months earlier than expected.

Eric Rosengren was scheduled to retire in June of next year, but said he moved the date up because of a worsening kidney condition.

"It has been an honor to serve at the Federal Reserve System, in a job where one can be constantly engaged in pursuing the economic and financial well-being of the country and New England," Rosengren said in a statement. "I know that my colleagues will build on our progress, and continue making a difference for the public we serve.”

Rosengren has been at the Federal Reserve for more than 35 years and has served as president for the past 14.