a speech at the Massachusetts Institute of Technology 2006 commencement, Cambridge, Massachusetts

a speech at the Fifteenth Congressional District of Texas’ Fifth Regional Issues Conference, Washington, D.C.

President Pianalto gave a brief perspective on the national economy and then described some of the longer-term challenges we have been facing here in Ohio. Finally, she discussed the importance of innovation and human capital to the region's future.

Economists at our Bank have concluded that differences in state income levels over the past 75 years can be explained mostly by two factors: innovation and education. In simple terms, those states that enhance their knowledge base are the ones that are likely to prosper in the future.

The return on educational investments has risen substantially in the past 30 years. While the primary focus has been on the college wage premium, new evidence shows that the value of going to college is affected by a host of other important educational decisions, each of which has a potentially...

Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Boston Children's Museum's Early Childhood Summit 2013: Innovation and Opportunity, Federal Reserve Bank of Boston, Boston, Massachusetts, April 5, 2013.

Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the New England Board of Higher Education's "New England Works" summit on bridging higher education and the workforce, Boston, Massachusetts, November 7, 2011

It has become almost hackneyed to suggest that we now live in a knowledgebased economy. Firms prosper and die based on their ability to add intellectual value to their products and services. Even in mature industries, such as manufacturing, the application of knowledge to enhance production...

The benefits of a college diploma are many, including higher pay, lower unemployment, maybe even better health. Yet many high school graduates still do not pursue a college degree. This article examines several key reasons why more people aren’t making this investment in themselves.