Story perspectives

Atlanta Fed's First Black President Bostic to Retire in 2026

11/12/2025

Summary

Story summary

Raphael Bostic, the first Black and openly gay president of the Atlanta Federal Reserve, will retire on February 28, 2026, after serving since June 2017.
His tenure emphasized economic equity and community engagement, especially after the 2020 racial justice movement.
Bostic faced scrutiny over personal investment disclosures but denied any wrongdoing.
His departure creates a vacancy on the Federal Open Market Committee, leading to a nationwide search for his successor.
Jerome Powell praised Bostic's contributions, while Cheryl Venable will serve as interim president until a replacement is appointed.

1 of 1

Story summary

Raphael Bostic, the first Black and openly gay president of the Atlanta Federal Reserve, will retire on February 28, 2026, after serving since June 2017.
His tenure emphasized economic equity and community engagement, especially after the 2020 racial justice movement.
Bostic faced scrutiny over personal investment disclosures but denied any wrongdoing.
His departure creates a vacancy on the Federal Open Market Committee, leading to a nationwide search for his successor.
Jerome Powell praised Bostic's contributions, while Cheryl Venable will serve as interim president until a replacement is appointed.