Boston Fed chief Eric Rosengren retiring 9 months early due to kidney condition

Sept. 27 (UPI) -- Eric Rosengren, the president and CEO of the Federal Reserve Bank of Boston, announced on Monday that he's decided to retire nearly a year early due to concerns about a kidney condition.

Rosengren, 64, said that he's had the kidney condition for a while and that he qualified last year for inclusion on a transplant list.

The bank said that delaying dialysis might be improved if Rosengren makes a "lifestyle changes now to lessen the risks of his condition."

Rosengren, who's worked at the bank since 1985 and has been president since 2007, had been scheduled to retire next June. His final day will be Thursday.

"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's retirement came as he faces criticism for real estate investments he made during the COVID-19 pandemic.

Bank Chief Operating Officer Kenneth Montgomery will serve as interim president until a permanent successor is named.