Atlanta Fed President Bostic to Retire in February

Raphael Bostic, president of the Atlanta Fed and the first Black and openly gay leader of a regional Fed bank, will retire in February, opening a seat on the Fed's interest-rate committee amid ongoing political and economic debates about monetary policy and Fed control. His successor will be chosen by the Atlanta Fed's board, and the appointment process is influenced by the Trump administration's efforts to gain more control over the Fed.