Atlanta Federal Reserve President Raphael Bostic announced his intention to resign his position on Wednesday, citing his term expiration in February as the primary reason. In a statement released to the press, Mr. Bostic stated that he intends to relinquish his role as the head of the regional Federal Reserve by that date. He indicated a desire to focus on other professional endeavors following his time in leadership. The Federal Reserve will continue to manage monetary policy and economic stability within the Atlanta area. No specific details regarding his future plans were disclosed.
Credits: US Top News and Analysis
