New England’s employment grew at a year-over-year rate of 1% in May 2024, close to the rate observed before the onset of the COVID-19 pandemic. Learn more in the latest New England Economic Conditions report, written by Boston Fed economist Bo Zhao: https://bit.ly/4cY3vjj
Federal Reserve Bank of Boston
Financial Services
Boston, MA 34,356 followers
Public Service that Makes a Difference
About us
The Federal Reserve Bank of Boston is one of 12 banks in the Federal Reserve System that serves as the central bank of the United States. As a leader in financial regulation, monetary policy, and a pioneer of new payment strategies the Boston Fed uses cutting edge technology to achieve its goals and ensure a vibrant economy. As part of the central bank of the United States the Fed is tasked with ensuring the growth and stability of the global economy, and is called upon to respond to financial crises. In order to do this the Federal Reserve Bank of Boston has pioneered cutting edge payment methods, developed state of the art data security programs, and conducted extensive research to assist in policy directives from the Federal Government. The Boston Federal Reserve serves the First Federal Reserve District that includes the six New England states: Connecticut (excluding Fairfield County), Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. With a great and growing commitment to diversity and community outreach, the Boston Fed continues to promote sound growth and financial stability in New England and throughout the nation.
- Website
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http://www.bostonfed.org/
External link for Federal Reserve Bank of Boston
- Industry
- Financial Services
- Company size
- 1,001-5,000 employees
- Headquarters
- Boston, MA
- Type
- Government Agency
- Founded
- 1914
- Specialties
- Research, Electronic Payment Service, Bank Supervision, Monetary Policy, Capital Markets, Insurance Regulation, Large Bank, Information Technology, Innovation, Risk Management, Accounting, Financial Services, Financial Planning & Analysis, Cash Management, and Data Security
Locations
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Primary
Get directions
600 Atlantic Ave
Boston, MA 02210, US
Employees at Federal Reserve Bank of Boston
Updates
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What happens when a bank’s ability to meet demand for cash takes a hit – and how does that impact the other banks it’s connected to? A new working paper published by the Bank’s Supervisory Research and Analysis group explores how a “shock” to one bank’s liquidity can ripple across a network of firms – especially in times of crisis, such as the COVID-19 pandemic. Read more: https://bit.ly/3LivhLB
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Gig workers are everywhere. Maybe they’re driving for Lyft and Uber or prepping a room in their home to rent. But despite their prominence, the labor market contributions of gig workers are being overlooked in official employment statistics. Boston Fed researcher Mary Burke tells the Six Hundred Atlantic podcast there are shortcomings in the main survey used to measure U.S. employment. She says it might be missing as many as 7 million workers. Burke says policymakers need a better indicator of gig work numbers, or they don’t have a true picture of the labor markets: https://bit.ly/3Ljdyno
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A new article series, “In Conversation,” highlights members of the Boston Fed’s advisory groups. Rebecca Hatfield is the CEO and President of the Maine nonprofit Avesta Housing. Rebecca outlines her many roles - including being a mother - and discusses how she transitioned from corporate finance to the non-profit sector. “I made the change because I’ve always had a mix of being analytical and strategic, but also very compassionate,” she said. “I’ve always had the desire to make a difference in the world by helping people.” Read the Boston Fed’s first “In Conversation” piece: https://bit.ly/4bypagQ
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For decades after World War II, the number of American women working was on the rise. Then, in the mid-1990s, it flatlined. Now, 30 years later, the U.S. has gone from having one of the highest rates of women working among industrialized nations to one of the lowest. What happened? There are a lot of answers to that question. We look at two of them in the latest episode of Six Hundred Atlantic. One is the rise of “performance pay” and the 70- to 80-hour work weeks those jobs can demand – and that women caring for children can’t give. The other is a relative lack of support in the U.S. for “family policies” – things like government-funded parental leave or child care. Hear from women dealing with these issues: https://bit.ly/3XITzpC
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Can wage growth remain strong without putting additional pressures on prices? According to Boston Fed economists, the answer is yes, thanks to productivity improvements made during the COVID-19 pandemic. Read the new Current Policy Perspectives for more on why wage growth could remain strong without causing inflationary pressures: https://bit.ly/3RKSgCz
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ICYMI: “Complex issues cannot be solved by one sector, one organization, or one person,” Boston Fed President Susan M. Collins said. “Successful collaboration requires attention to process. It requires new voices at the table…” Collins visited Lawrence, Mass. in June to learn more about the former mill city’s economic progress. She met with business and community leaders focused on building a local economy that gives all residents more opportunity to prosper. Read the full recap: https://bit.ly/3XvgkNL
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Boston Fed President and CEO Susan M. Collins and First Vice President Karen Pennell joined other leaders from across the Federal Reserve System on a visit to Chelsea, Mass. They learned about local economic conditions and the lasting impacts of the Bank’s Working Cities Challenge. Chelsea received a three-year grant in 2014 through the challenge, which focuses on promoting economic development in smaller, post-industrial cities. Read the full recap: https://bit.ly/45IGpuG
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What impact does the gap between shelter prices and market rent have on inflation? Boston Fed Economist Chris Cotton studies this in the latest Current Policy Perspectives report: https://bit.ly/3KX74ui