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Federal Reserve's Bostic announces retirement, term ending in February next year
ChainCatcher reports that Fed’s Bostic announced he plans to retire at the end of his current term in February next year. Bostic, who began serving as the Atlanta Fed President in 2017, is the first African American to lead a regional Federal Reserve Bank. This year, he has been focused on inflation risks, urging colleagues to remain cautious when lowering interest rates and to be alert to the potential impact of tariffs. Although he did not vote on monetary policy decisions, he supported the Fed’s two rate cuts in September and October.