**Dr. Raphael W. Bostic Announces Retirement from Atlanta Fed**
Dr. Raphael W. Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, has announced his intention to retire at the end of his current term, which officially concludes on February 28, 2026. Dr. Bostic has served with distinction since June 5, 2017, as the 15th president and chief executive officer of the Atlanta Fed.
Notably, Dr. Bostic is the first African American and openly gay president of a regional Federal Reserve Bank in its 111-year history.
Reflecting on his tenure, Dr. Bostic said,
> “It’s been my distinct honor and privilege to lead the Atlanta Fed for these past eight and a half years. I feel incredibly fortunate to have worked with the Atlanta Fed’s outstanding staff to fulfill the Federal Reserve’s mission and serve the Sixth District and the American people. I’m proud of what we accomplished during my tenure to turn the lofty goal of an economy that works for everyone into more of a reality, and I look forward to discovering new ways to advance that bold vision in my next chapter.”
As president, Dr. Bostic oversees all of the Bank’s activities, including monetary policy, bank supervision, and payment services. He also serves on the Federal Open Market Committee, the Federal Reserve System’s monetary policymaking body.
Federal Reserve Board Chair Jerome H. Powell praised Dr. Bostic’s service, stating,
> “It has been a privilege to serve alongside President Bostic. His perspective has enriched the Federal Open Market Committee’s understanding of our dynamic economy. And his steady voice has exemplified the best of public service—grounded in analysis, informed by experience, and guided by purpose. His leadership has strengthened our institution and advanced the Federal Reserve’s mission.”
The Federal Reserve Bank of Atlanta’s board of directors will form a search committee comprised of non-banking members to conduct a nationwide search for the next president, consistent with Federal Reserve policies and the Federal Reserve Act.
Gregory Haile, chair of the Atlanta board of directors, said,
> “The Atlanta Fed board of directors thanks President Bostic for his excellent leadership, intellectual integrity, and dedication to serving the American people. As the leader of the Atlanta Fed, he successfully represented the varied perspectives of the Sixth Federal Reserve District, representing the economic experiences of all Americans in the formation of monetary policy. President Bostic leaves the Atlanta Fed united in a shared purpose and a vision for progress that extends across the Federal Reserve System.”
Additional details of the search will be forthcoming.
If a successor is not appointed by February 28, 2026, the Bank’s first vice president and chief operating officer, Cheryl Venable, will assume the duties of president on an interim basis, in accordance with Section 4 of the Federal Reserve Act.
https://www.thegatewaypundit.com/2025/11/just-raphael-bostic-first-black-openly-gay-atlanta/
