BOSTON — Federal Reserve Bank of Boston President/CEO Cathy E. Minehan announced earlier this month that she would retire from the Bank in 2007.
Minehan has headed the Boston Fed since 1994, and joined the Federal Reserve Bank of New York in 1968.
"I am proud of my service at the Federal Reserve Bank of Boston, and earlier at the New York Fed," she said. "The Federal Reserve System plays a vital role in contributing to the health of the U.S. economy. I have been honored to be a part of its activities for virtually 40 years, and especially to have been the President of the Federal Reserve Bank of Boston. I deeply value the relationships I have developed within New England and at the Bank over the years. I also believe the Boston Fed is well positioned to continue its tradition of outstanding service to the region, the Federal Reserve System, and the nation."
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However, Minehan said the time is right for her to move onto other interests and diversifying her career. "I have no specific future plans beyond continuing my involvement in non-profit activities, and will not consider any opportunities until my successor is in place," she said.
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