TechFlow news, November 13 — According to Jinshi Data, at a sensitive moment when Trump is intensifying criticism of the Federal Reserve and internal reappointment votes are imminent, Raphael Bostic, a leading hawk at the Fed, has chosen to step down abruptly. This move is seen as a compromise to avoid direct conflict under political pressure, marking a dual blow to the Fed's independence and its internal hawkish voices.
Atlanta Fed President Bostic announced on Wednesday that he will retire when his current five-year term ends in late February next year, thereby avoiding potential internal disputes over his reappointment. The timing of Bostic’s retirement is notably delicate—the Fed’s seven-member board in Washington must approve new five-year terms for all 12 regional Fed presidents starting March 1 next year. Insiders suggest that financial restatement issues have cast doubt on Bostic’s reappointment prospects, especially amid ongoing attacks by Trump and his allies on the Fed’s credibility. The Fed has already faced unprecedented political pressure from the Trump administration this year over its failure to cut rates more aggressively. Bostic’s departure will weaken the hawkish faction within the Fed during a politically sensitive period.
