Atlanta Federal Reserve President Bostic says he will retire in February

Core Points - Atlanta Federal Reserve President Raphael Bostic announced his retirement effective February 28, following a term that began in 2017 [1][4] - His departure is part of a broader trend of leadership changes at the Federal Reserve, with other officials also leaving amid political pressures [2][4] - A committee will be formed to search for Bostic's successor, with Cheryl Venable serving as interim president if no appointment is made by the retirement date [3] Leadership Changes - Bostic is the latest senior official to leave the Federal Reserve, joining other recent departures that have raised concerns about the Fed's independence [2] - All 12 regional Fed presidents will be up for reappointment in February, indicating a significant potential shift in leadership [4] Bostic's Contributions - Bostic has been recognized for his leadership and contributions to the Federal Open Market Committee, particularly in shaping monetary policy [5][7] - His tenure is noted for efforts to create an economy that works for everyone, reflecting a commitment to inclusive economic growth [6]