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Five Questions With: Meghan L. Hughes

Meghan L. Hughes, president of the Community College of Rhode Island, was recently elected to serve on the Federal Reserve Bank of Boston’s board...

CCRI President Hughes named to Boston Fed board

PROVIDENCE – One of the state’s top higher education leaders and a liaison to the business community has been named to the Federal Reserve...

Boston Fed, MIT mark completion of central bank digital currency research

PROVIDENCE – It’s too soon to tell whether a central bank digital currency could work. This was the conclusion of a recently completed research project...

Boston Fed’s Collins says ‘modest slowdown’ is possible 

WASHINGTON (AP) – Susan Collins, the new president of the Federal Reserve Bank of Boston, said Monday that a higher unemployment rate will be...

Federal Reserve: COVID-19 boosted online, credit card purchases

PROVIDENCE – The COVID-19 pandemic ushered in new spending habits for consumers,  many of whom made the switch to online purchases and banking services,...

Federal Reserve: Main Street Lending Program borrowers had higher-than-average credit risk

PROVIDENCE – The small and midsized businesses that borrowed money through the Federal Reserve’s pandemic loan program were more likely to default on payments...

Final Main Street Lending numbers show little R.I. participation from banks,...

PROVIDENCE – There were only two Rhode Island companies among the 1,800 businesses to receive loans through the Federal Reserve’s Main Street Lending Program,...

New England Public Policy Center report: Medication helping R.I.’s opioid problem

PROVIDENCE – Medication-assisted treatment seems to be reducing the risk of overdose for Rhode Islanders with opioid addictions, a new report by the New...
CHRISTINA H. PAXSON, president of Brown University, has been named the chair of the Federal Reserve Bank of Boston's board of directors. / PBN FILE PHOTO/TRACY JENKINS

Brown University President Paxson named Boston Fed’s board chair

PROVIDENCE – Brown University President Christina H. Paxson will serve as chair of the Federal Reserve Bank of Boston’s board of directors, Boston Fed...

Fed: ‘Card not present’ fraud tops concerns of regional banks, credit...

PROVIDENCE – In an increasingly digital world, fraud through online and phone transactions has become the top concern for banks and credit unions, according...
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