US Federal Reserve bank at the helm of CBDC research effort appoints

The Federal Reserve Bank of Boston, or Boston Fed, has selected economist Susan M. Collins, University of Michigan provost, to serve as its new president and chief executive officer.

The seat became vacant in September 2021, when the then-president Eric Rosengren expedited his retirement amid controversy around his securities trading while in office. Collins, who is Jamaican-American, will become the first Black woman in the Fed’s history to lead a Federal Reserve Bank. She will assume office on July 1.