Federal Reserve's Bostic announces retirement, term to end in February next year
ChainCatcher news, according to Golden Ten Data, Federal Reserve's Bostic announced that he plans to retire when his current term ends in February next year. Bostic has served as President of the Atlanta Federal Reserve since 2017 and is the first African American to lead a regional Federal Reserve Bank. This year, he has focused on inflation risks, urging his colleagues to remain cautious when lowering interest rates and to be alert to the potential impact of tariffs. Although he does not have a vote on monetary policy decisions, he supported the Fed's two rate cuts in September and October.
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