Raphael Bostic to Retire by February, Potentially Weakening Fed’s Hawkish Stance Amid Inflation Pressure

COINOTAG News, citing veteran Fed watcher Nick Timiraos, reports that Raphael Bostic, president of the Atlanta Fed, will retire at the end of his current five-year term, slated for February next year.

His departure could mute the hawkish stance within the Federal Reserve during a politically sensitive window, as Bostic has generally aligned with the central bank’s rate-setting core and has not dissented in policy votes.

Three years ago, he faced scrutiny over personal financial-disclosure practices; the Board publicly supported him. By contrast, two other Fed presidents resigned in 2021 after disclosure reviews, a backdrop insiders say weighs on reappointment prospects.

At an Atlanta Economics Club luncheon, Bostic acknowledged that slower job growth adds decision complexity, and he reiterated that inflation remains a clear and present danger. He warned that moving toward a neutral or stimulative stance could reignite inflation.