Bostic Retires as First Black, Gay Fed President

Atlanta Federal Reserve President Raphael Bostic, the first Black and openly gay regional bank president, announced his retirement, effective February 2026. His tenure, marked by advocacy for economic equity, was marred by an Inspector General report alleging potential conflicts of interest in his personal investments. Bostic, praised for his contributions to the Federal Open Market Committee, will be succeeded by a new appointee following a search committee process. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.