Raphael Bostic to Lead the Atlanta Fed

The Board of Directors of the Federal Reserve Bank of Atlanta has selected Raphael Bostic as its new President, succeeding Dennis Lockhart. Bostic, currently a department chair at the University of Southern California, has experience in the Federal Reserve System and as a senior housing policy official in Department of Housing and Urban Development in the Obama Administration.

Housing advocates and CDFI advocates have expressed strong support on social media. Bostic has long been a prominent voice for inclusive housing policies, including CDFI strategies.

Under Lockhart, the Atlanta Fed has increased its work on economic inclusion and CDFIs. That seems likely to continue, if not expand, under Bostic.

Bostic is the first African-American President of a Federal Reserve Bank in the system’s history. There are 12 Federal Reserve Banks in addition to the Federal Reserve Board of Governors.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: