Atlanta Fed’s Bostic to Retire When Term Ends in February

Federal Reserve Bank of Atlanta President Raphael Bostic announced he plans to retire at the end of his current term in February.

Bostic, 59, who took the helm at the Atlanta Fed in 2017, is the first African American and the first openly gay person to lead a regional Fed bank. He will step down on Feb. 28, the Atlanta Fed said in a statement.