Core Insights - Atlanta Fed President Raphael Bostic announced his retirement effective February 2026, having served since 2017 [1][2] - A search committee will be formed to find Bostic's replacement, with the appointment process involving the board of directors of the Atlanta Fed and approval from the board of governors [2][7] - Bostic is viewed as a moderate within the Fed, and his retirement may influence the political dynamics of future appointments [3][6] Appointment Process - The replacement for Bostic will not be directly chosen by the president, as the Federal Reserve Bank president is appointed by the board of directors [5][6] - The board of governors typically approves these appointments every five years, which may allow for some influence from current presidential appointees [7][8] - The upcoming changes in Fed leadership, including the potential reappointment of Fed Chair Powell, could further reshape the Federal Reserve's composition [9][10] Market Implications - The announcement of Bostic's retirement and the potential expansion of the Fed's balance sheet have implications for the bond market, which has been reacting to recent economic data [4][5]