Boston Fed expands programme to get people back into work
FedNow created high demand for IT roles, which sparked programme’s inception
The Federal Reserve Bank of Boston is expanding its “re-entry programme”, as the Fed bank looks to help more people back into work – namely into its own ranks.
The Boston Fed began the programme, the first “returnship” in the Federal Reserve System, in 2022 as a pilot. Re-entry programmes seek to reintegrate those who have been outside the workforce for more than two years.
A Boston Fed staff member familiar with the programme tells Central Banking, “the Boston Fed is expanding the programme
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