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Atlanta Fed president Bostic to retire in February, opening seat on key committee

WASHINGTON (AP) — Raphael Bostic, president of the Federal Reserve Bank of Atlanta, will retire at the end of his current term in February, opening up a new seat on the Fed’s interest-rate setting committee at a time that President Donald Trump is seeking to exert more control over the central bank. As president of one of the Fed’s 12 regional banks, Bostic, 59, serves on the 19-member committee that meets eight times a year to decide whether to change a key short-term interest rate that...

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