Profiles · Officials · Federal Reserve
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The profile
Boston Fed materials identify Rosengren as president of the Reserve Bank that administered the Main Street Lending Program.
Identity and role
Eric S. Rosengren was president and CEO of the Federal Reserve Bank of Boston from 2007 until his retirement on September 30, 2021. The Boston Fed under Rosengren administered the Main Street Lending Program for the Federal Reserve System, the large-business emergency-credit facility authorized by the Board under Chair Jerome H. Powell.
Pandemic-relief / PPP-EIDL role
His May 19, 2020 speech described the Main Street Lending Program and other Federal Reserve actions. Main Street was separate from the Minneapolis Fed's PPPLF, the Federal Reserve facility that financed PPP lenders.
Their own relief
No personal PPP loan, company relief loan, or pandemic-aid enforcement action was located.
Legal status / controversies
We found no personal criminal charge, civil enforcement order, settlement, conviction, or fraud finding for Eric S. Rosengren.
Where they are now (2025–2026)
Rosengren announced in September 2021 that he would move up a planned June 2022 retirement to September 30, 2021, citing a kidney condition. Separately, the Federal Reserve OIG reviewed Reserve Bank trading activity and concluded that Rosengren's 2020 REIT holdings and transactions did not violate federal conflict-of-interest laws, while finding disclosure omissions and discrepancies and an appearance-of-conflict problem. The OIG closing report is a finding of no legal violation, not a finding of insider trading.
Federal Reserve History lists Rosengren as retired September 30, 2021. Public academic and media pages identify him as a former Boston Fed president and economics commentator.
Sources held in this archive
Original source documents and archived captures
- Federal Reserve OIG, Reserve Bank trading investigation closing report
- Boston Fed, Rosengren retirement announcement Sept. 27, 2021
- Boston Fed, "The Main Street Lending Program and Other Federal Reserve Actions" May 19, 2020
- Boston Fed, Main Street Lending Program page
- Federal Reserve History, Eric S. Rosengren
Sources
- Federal Reserve History, Eric S. Rosengren: Federal Reserve History, Eric S. Rosengren (original: federalreservehistory.org · stored capture)
- Boston Fed, Rosengren retirement announcement (Sept. 27, 2021): Boston Fed, Rosengren retirement announcement Sept. 27, 2021 (original: bostonfed.org · stored capture)
- Boston Fed, Main Street Lending Program page: Boston Fed, Main Street Lending Program page (original: bostonfed.org · stored capture)
- Boston Fed, "The Main Street Lending Program and Other Federal Reserve Actions" (May 19, 2020): Boston Fed, "The Main Street Lending Program and Other Federal Reserve Actions" May 19, 2020 (original: bostonfed.org · stored capture)
- Federal Reserve OIG, Reserve Bank trading investigation closing report: Investigation Closing Reserve Bank Trading Pdf 49993282558Befa6 (original: oig.federalreserve.gov · stored capture)