Raphael Bostic on Life as a Regional Fed President, the Responsibilities of a Dual Mandate, and the Results of the 2025 Framework Review
Description
Raphael Bostic is the president and chief executive officer of the Federal Reserve Bank of Atlanta. In President Bostic’s first appearance on the show, he discusses his love of birding, what that teaches him about central banking, the unique role of the Federal Reserve Bank of Atlanta, switching for FIT to FAIT back to FIT, what to do about inflation, the importance of globalization, rising fiscal pressures, and much more.
Check out the transcript for this week’s episode, now with links.
Recorded on September 23rd, 2025
Subscribe to David's Substack: Macroeconomic Policy Nexus
Follow David Beckworth on X: @DavidBeckworth
Follow President Raphasel Bostic on X: @RaphaelBostic
Follow the Federal Reserve Bank of Atlanta on X: @AtlantaFed
Follow the show on X: @Macro_Musings
Check out our Macro Musings merch!
Subscribe to David's new BTS YouTube Channel
Timestamps
00:00:00 - Intro
00:01:34 - Birding
00:06:07 - Birding's Connection to Central Banking
00:09:05 - Atlanta Fed
00:15:27 - Fed Framework Revisions
00:24:31 - Inflation
00:32:23 - Forecasted Long-Run Federal Funds Rate
00:37:43 - Globalization
00:39:13 - Fiscal Pressures
01:03:39 - Outro
United States
