Raphael Bostic

Raphael W. Bostic
15th President of the Federal Reserve Bank of Atlanta
Assumed office
June 5, 2017
Preceded by Dennis P. Lockhart
Personal details
Born 1966
Delran, New Jersey
Nationality United States
Alma mater Harvard University (B.A.)Stanford University (PhD)
Profession economist

Raphael W. Bostic (born 1966) is an American economist and academic, who became the 15th President and CEO of the Federal Reserve Bank of Atlanta[1] on June 5, 2017.[2] He is the first African-American and first openly gay[3] man selected to lead a regional Fed bank.[4]

Previously, he 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. He was also the assistant secretary for policy development and research at United States Department of Housing and Urban Development from 2009 to 2012, and prior to that was economist for the Federal Reserve Board of Governors from 1995 to 2001.

Biography

Education and early career

Bostic was born in New York City and grew up in Delran, NJ where he was valedictorian of his high school. He earned a bachelor of arts (BA) degree from Harvard University in 1987 with a combined major in economics and psychology. In 1995, he later earned his doctorate in economics from Stanford University.[5]

Professional career

Bostic served as a board member of Freddie Mac, the Lincoln Institute of Land Policy and Abode Communities. He is a fellow of the National Association of Public Administration, vice president of the Association of Public Policy and Management, a member of the board of trustees of Enterprise Community Partners, and a research advisory board member of the Reinvestment Fund.

See also

References

  1. ↑ "Atlanta Fed Names Bostic New President and CEO". Atlanta Fed. Retrieved March 18, 2017.
  2. ↑ Bio, Federal Reserve Board.
  3. ↑ Soergel, Andrew. "Atlanta Fed Names Raphael Bostic Next President". https://www.usnews.com. Retrieved March 18, 2017. External link in |website= (help)
  4. ↑ Applebaum, Binyamin. "Raphael Bostic to Be First Black President of a Fed Regional Bank". NYTimes.com. Retrieved March 18, 2017.
  5. ↑ "Raphael Bostic, Incoming President and Chief Executive Officer as of June 5, 2017", Federal Reserve Bank of Atlanta, March 13, 2017. Accessed March 19, 2017. "Dr. Bostic was born in 1966 and grew up in Delran, New Jersey. A high school valedictorian, he graduated from Harvard University in 1987 with a combined major in economics and psychology—disciplines he believes are intimately interrelated. After a brief stint in the private sector, Dr. Bostic earned his doctorate in economics from Stanford University in 1995."
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