#atlanta-fed

#atlanta-fed

Bostic has led the Atlanta Fed since June 2017, and he is the first Black and openly gay regional Fed president. His tenure, however, has included scrutiny over personal investments. In October 2022, the Fed reviewed trades Bostic made during blackout periods near policy meetings. He apologized for discrepancies, although no evidence showed he traded on insider information. Bostic has vocalized caution when it comes to rate cuts this year, citing elevated inflation and a softening labor market.