Prabal Chakrabarti is an Executive Vice-President at the Federal Reserve Bank of Boston in the Regional and Community Outreach department, with a mission to improve the economic well-being of low and moderate income people. He oversees a department that focuses on three main pillars: (1) revitalizing smaller cities and rural areas through the Working Cities Challenge and Working Communities Challenge; (2) improving household financial stability for all, especially by race and ethnicity; and (3) increasing employment opportunities by improving the quality of jobs and enhancing access to quality, affordable child care.
Previously, Prabal was at the Initiative for a Competitive Inner City, where he led a research effort to measure economic competitiveness in America’s inner cities. He served in the U.S. Treasury in economic policy and he co-wrote a UNDP report Unleashing Entrepreneurship: Making Business Work for the Poor.
Prabal holds graduate degrees from MIT and Oxford University, where he was a Marshall Scholar, and a B.S. from the University of Illinois, where he was a Truman Scholar. He serves on the boards of the Nellie Mae Education Foundation and the Conservation Law Foundation, and chairs the Marshall Scholar Regional Selection Committee.