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Raphael W. Bostic will step down as president of the Atlanta Fed at February’s end, opening another vacancy as the central bank faces White House pressure to cut rates. His exit comes as the board prepares its five‑year reappointment vote. Bostic, the first Black and openly gay regional Fed president, was cited by the Fed’s watchdog in 2024 for rule violations tied to 154 trades during blackout periods, though he said he was unaware of their timing. Chair Jerome Powell praised his service. The Atlanta Fed will conduct a nationwide search; the Fed board can veto the choice.

Prepared by Christopher Adams and reviewed by editorial team.