Bostic's Retirement Opens Fed Seat, Trump Seeks Influence
Update: 2025-11-12
Description
Raphael Bostic, the first Black and openly gay president of a regional Fed bank, announces retirement, opening up a key position on the Feds interest-rate setting committee. The selection of his replacement will be handled by the Atlanta Feds board of directors, not the Trump administration. Bostic has been vocal about inflation concerns, supporting only one rate cut this year. Trumps attempts to gain more control over the Feds board could impact the approval process.
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