--- title: "The Federal Reserve sees personnel changes again as Atlanta Fed President Bostic will retire in February" type: "News" locale: "en" url: "https://longbridge.com/en/news/265557787.md" description: "Atlanta Federal Reserve President Raphael Bostic announced his retirement in February next year, ending his term as president since 2017. He is the first African American and openly gay Federal Reserve president. Bostic stated in a statement that he is proud of his achievements during his tenure and looks forward to exploring ways to drive the economy in the future. He has repeatedly warned about inflation risks and supported the Federal Reserve's interest rate cuts in September and October, but emphasized the need to maintain a restrictive monetary policy. Bostic's departure will increase personnel uncertainty at the Federal Reserve" datetime: "2025-11-12T15:45:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/265557787.md) - [en](https://longbridge.com/en/news/265557787.md) - [zh-HK](https://longbridge.com/zh-HK/news/265557787.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/265557787.md) | [繁體中文](https://longbridge.com/zh-HK/news/265557787.md) # The Federal Reserve sees personnel changes again as Atlanta Fed President Bostic will retire in February Raphael Bostic, President of the Atlanta Federal Reserve, announced that he plans to retire when his current term ends in February next year. The 59-year-old Bostic has served as President of the Atlanta Federal Reserve since 2017, becoming the first African American to lead a regional Federal Reserve Bank and the first openly gay Federal Reserve President. The Atlanta Federal Reserve stated in a release that he will step down on February 28, 2026. In a statement on Wednesday, Bostic said, "I am proud of the achievements during my tenure. We have made the noble goal of an economy that benefits everyone more attainable. I look forward to exploring new ways to advance this grand vision in my next chapter." Bostic is scheduled to give a speech on the economic outlook at the Atlanta Economic Club on Wednesday afternoon. President of the Atlanta Federal Reserve, Raphael Bostic Bostic has repeatedly warned this year about the risks posed by persistent inflation, urging his colleagues to remain cautious regarding interest rate cuts and to pay attention to the potential impacts of tariffs. Although Bostic does not have a vote on monetary policy this year, he expressed support for the Federal Reserve's two interest rate cuts in September and October. However, he also emphasized that monetary policy should remain restrictive as long as inflation is above the central bank's 2% target. Bostic's departure will bring more uncertainty to the Federal Reserve, which is currently experiencing other high-profile personnel changes and facing political pressure from President Donald Trump to cut interest rates. Bostic will leave just months before the Federal Reserve welcomes new leadership, as Federal Reserve Chairman Jerome Powell's term ends in May ## Related News & Research - [13:00 ETAtlanta Beltline Surpasses Nearly 80 Percent of Affordable Housing Goal Accelerating Pipeline to Meet 2030 Goal](https://longbridge.com/en/news/281653311.md) - [Inflation could skyrocket under Trump, analysts say](https://longbridge.com/en/news/281687987.md) - [China c.bank: to step montary policy management](https://longbridge.com/en/news/281158796.md) - [Prestige Estates Unveils ₹9,500-Crore Mega Township in Hyderabad](https://longbridge.com/en/news/281643313.md) - [TSA absences fall sharply after US airport security workers get paid](https://longbridge.com/en/news/281209853.md)