A message from Boston Fed President Eric Rosengren
The stark effects of the COVID-19 pandemic on public health have shaken our communities nationwide, even as the necessary response – social distancing – has stilled our strong economy, disrupting countless lives and livelihoods. The situation has also distorted the credit and liquidity flows that underpin the economy, threatening greater pain from financial spillovers.
The Boston Fed – one of 12 Reserve Banks that make up the central bank – is focused on addressing, and blunting, the economic effects of the pandemic for households and businesses across New England and the U.S. This is a time when the brainpower of our region and nation is urgently needed. We must continue to be nimble, creative, proactive, and, perhaps most importantly, collaborative. What we all do in the public interest, together, will help shape the recovery.
On these pages, you’ll find information about the insights, resources, and strategies the Fed is using to stabilize our economy and ease a crisis that impacts American citizens everywhere. We look forward to sharing this information as we all work for the benefit of our neighbors and our nation during these challenging times.
Eric Rosengren, President & CEO