Our Organization & People
At the Boston Fed, we strive to strengthen the Bank’s ability to achieve its mission by building a more inclusive environment and continuously advancing diversity and equity throughout the workforce.
Recent events are a wrenching and painful reminder of our country’s history of racial injustice. The killings of George Floyd, Ahmaud Arbery, Breonna Taylor, Rayshard Brooks and others – and the subsequent public outcry, anger, and calls for action – have forced us to confront a past which has stained our civic life and prevented our nation from offering equitable economic opportunity to all. The legacy of unjust, exclusionary policies and practices, racial discrimination, and violence has left many of our fellow residents, especially people of color, systemically oppressed.
This Bank has been a leader in exploring disturbing racial patterns in economic data and looking for positive ways that we can change those patterns. From initial pathbreaking studies in racial discrimination in housing finance, to galvanizing around solutions to the subprime lending crisis, to further developing many of our small cities where many people of color live and work, to the Color of Wealth study, we have documented troubling racial patterns in data, and sought policy solutions. Here at the Federal Reserve Bank of Boston, equal opportunity is a central goal. We know that now, more than ever, it is important to redouble our efforts to make socioeconomic success accessible to every resident.
That is why our commitment to diversity, equity, and inclusion has never been stronger. It’s woven into our economic research and analysis, as well as our banking supervision and financial stability efforts. It is the focus of our community economic development activities, and a wide range of payments, technology, and finance initiatives.
We can’t perform at our best, carry out our mission, and make a difference for all U.S. residents without a resolute commitment to these values. Let us embrace our nation’s highest ideals by acknowledging and taking ownership of our past, so that we can help define our collective future from a position of integrity and with a passion for justice.
Eric Rosengren, President & CEO