Office of the President

Kenneth C. Montgomery
Kenneth C. Montgomery
Interim President & CEO, First Vice President

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Role of the President Role of the President

The president and chief executive officer guides the focus of the Bank’s economic research and gathers economic intelligence through interactions with the Bank’s board of directors, advisory councils, and other business and community contacts. The president represents the First District at the Federal Open Market Committee and provides key insights to those policy discussions. Additionally, the president and chief executive officer ensures the Bank maintains an effective system of bank supervision and contributes to collective Federal Reserve System actions and directions.

The process by which Federal Reserve Bank presidents are selected, appointed, and reappointed is set forth in the Federal Reserve Act. The president is appointed by the Federal Reserve Bank of Boston’s board of directors with the approval of the Board of Governors of the Federal Reserve System, for a term of five years.