1. Raphael W Bostic was born on June 5,1966 and is an American economist, academic, and public servant who has served as the 15th president and CEO of the Federal Reserve Bank of Atlanta since 2017.
12 Facts About Raphael Bostic
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Raphael Bostic was born to Rafael Theodore Raphael Bostic of St Croix and Viola Williams in New York City and grew up in Delran Township, New Jersey, where he was valedictorian of Delran High School.
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Raphael Bostic earned a Bachelor of Arts degree from Harvard University in 1987 with a combined major in economics and psychology.
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Raphael Bostic served as a board member of Freddie Mac, the Lincoln Institute of Land Policy and Abode Communities.
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Raphael Bostic is a fellow of the National Academy of Public Administration, vice president of the Association for Public Policy Analysis and Management, a member of the board of trustees of Enterprise Community Partners, and a research advisory board member of the Reinvestment Fund.
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Raphael Bostic was an economist for the Federal Reserve Board of Governors from 1995 to 2001, and the assistant secretary for policy development and research at United States Department of Housing and Urban Development from 2009 to 2012.
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Raphael Bostic was the Chair of the Department on Governance, Management and the Policy Process at the Sol Price School of Public Policy at the University of Southern California from 2012 to 2017.
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On October 14,2022, Raphael Bostic failed to disclose stock trading transactions in the five years leading the bank that were revealed after a federal investigation.
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Raphael Bostic stated a 3rd party manager had made the transactions, unknowingly to him.
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In November 2020, Raphael Bostic was named as a potential candidate for Secretary of the Treasury in the then-upcoming Biden administration, a position that ultimately went to Janet Yellen.
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Raphael Bostic has recently been mentioned as a possible replacement for Jerome Powell as Chair of the Federal Reserve, before he was re-nominated for a second four-year term.
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Raphael Bostic is the first African-American and first openly gay person selected to lead a regional Federal Reserve bank.