Express
Atlanta Fed Board Initiates Search for Next Chairman
Summary: Following the news of current chairman Bostic's retirement at the end of February, the Atlanta Fed board has initiated the search for the next chairman. According to the Federal Reserve Act, regional Fed presidents are elected by the B and C class directors of the bank, those who are not affiliated with regulated financial institutions, ...
Following the news of current chairman Bostic's retirement at the end of February, the Atlanta Fed board has initiated the search for the next chairman. According to the Federal Reserve Act, regional Fed presidents are elected by the B and C class directors of the bank, those who are not affiliated with regulated financial institutions, and the final candidate must be approved by the Federal Reserve Board in Washington. The Atlanta Fed chairman will become a voting member of the Federal Open Market Committee (FOMC) responsible for setting interest rates in 2027.
