Atlanta Fed President Bostic Announces Retirement in 2026 Amid Inflation Warnings
Federal Reserve Bank of Atlanta President Raphael Bostic will retire when his term ends in February 2026, marking the departure of the first African American and openly gay regional Fed president. His tenure since 2017 brought diverse perspectives to monetary policy discussions.
Bostic maintained a hawkish stance for most of 2023, advocating for higher rates to combat persistent inflation. Despite supporting the recent 25 basis point cut, he emphasized ongoing price stability challenges as CPI remains stubbornly high at 3.0% - significantly above the Fed's 2% target.
The Atlanta Fed's board has initiated a search for Bostic's successor. Chair Jerome Powell praised his contributions, noting how Bostic's insights helped shape the FOMC's understanding of economic dynamics during volatile market conditions.
