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Atlanta Fed Chief Raphael Bostic to Retire Feb. 28, 2026, Triggering Leadership Search

A non‑bank director committee will conduct a nationwide search, with the Board of Governors to approve the next Atlanta Fed president.

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President and chief executive officer of the Federal Reserve Bank of Atlanta, Raphael Bostic speaks at the South African Reserve Bank's Biennial Conference in the Cape Town International Convention Centre, South Africa, August 31, 2023. REUTERS/Esa Alexander

Overview

  • The Atlanta Fed confirmed Raphael Bostic will leave when his current five‑year term ends, concluding more than eight years leading the Sixth District bank.
  • Cheryl Venable, the bank’s first vice president and chief operating officer, is designated to serve as interim president if no successor is in place by Feb. 28, 2026.
  • The change opens a seat on the Fed’s policy committee, though the Atlanta presidency next rotates into a voting slot in 2027.
  • The selection is made by the Atlanta Fed’s board and subject to Federal Reserve Board approval, a process reported on as political scrutiny of the central bank intensifies under President Trump.
  • Bostic’s tenure included a focus on economic equity, a cautious stance on rate cuts this year, and an Inspector General finding of appearances of trading and conflicts related to his personal investments.