Atlanta Fed President Raphael Bostic to Retire in February 2025

Raphael Bostic, President of the Federal Reserve Bank of Atlanta, announced on November 13 that he will retire when his current five-year term ends in late February, Nick Timiraos reports. Bostic, who has never cast a dissenting vote on policy decisions and typically aligns with the median view of rate-setting committee members, faced scrutiny three years ago for financial disclosures that did not strictly comply with regulations for senior officials, though he retained board support. At an Atlanta Economic Club luncheon on November 13, Bostic said inflation remains "a more definite and urgent risk" despite slowing job growth, warning that pushing rates toward neutral or stimulative levels "could inject fresh blood into the inflation beast."