Summary
- Raphael Bostic, president of the Atlanta Fed, is expected to step down at the end of his term in late February next year.
- Bostic recently said "the pace of rate cuts should be cautious" and emphasized a gradual easing stance.
- After his retirement, the Atlanta Fed will begin the new president appointment process.
Raphael Bostic, president of the Federal Reserve Bank of Atlanta (the Atlanta Fed), will step down as his term expires at the end of February next year.
According to economic news channel Walter Bloomberg on the 12th (local time), President Bostic is expected to retire effective February 28, 2026. Sheryl Venable will serve as interim president until his successor is appointed.
Since 2017, President Bostic has led the Atlanta Fed, pursuing inclusive growth and reducing regional economic disparities as major priorities. Recently, in remarks on monetary policy, he emphasized a gradual easing stance, saying "the pace of rate cuts should be cautious."
After his retirement, the Atlanta Fed will begin the process of appointing a new president.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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