The Federal Reserve Bank of Boston selected University of Michigan Provost Susan M. Collins as its next president, filling a vacancy left last year when Eric Rosengren moved forward his retirement following a controversy over his and other officials’ financial-market trading.
Ms. Collins, who is of Jamaican descent and became a U.S. citizen in 1997, will become the Fed’s first Black female regional bank president and its second Black regional leader, following Raphael Bostic, who became president of the Atlanta Fed in 2017.
