Bostic's Federal Reserve Tenure Ends, Search for Successor Begins
Update: 2025-11-12
Description
On November twelfth, Raphael Bostic, the first African American and openly gay president of the Atlanta Federal Reserve, announces his retirement. His tenure, marked by economic understanding and public service, has significantly impacted the Federal Reserve system. Chair Jerome Powell praises Bostics contributions, highlighting his steady leadership and strengthening of the institution. Bostics recent support for interest rate cuts, after initially advocating for only one, adds to his legacy. The Atlanta Feds board will now form a search committee to find the next president, ensuring a smooth transition in leadership.
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