Fed hawkish general Bostic suddenly announced retirement.

On November 13, according to “Fed's Mouthpiece” Nick Timiraos, Atlanta Fed President Raphael Bostic announced on Wednesday that he would retire when his current five-year term ends at the end of February next year. It is reported that Bostic's departure will weaken the hawkish voices within the Fed during a politically sensitive period. This chairman, who has never voted against policy decisions, usually aligns closely with the core of the interest rate decision-making committee. Three years ago, Bostic was scrutinized for disclosing personal financial transactions that did not strictly comply with senior official regulatory requirements. At that time, he still received support from the board. Two other Fed presidents resigned in 2021 after being scrutinized for financial statement issues. Insiders within the Fed believe that the financial restatement incident raises concerns about Bostic's reappointment prospects, especially in the context of Trump and his allies continuously questioning the Fed's credibility. This year, the Fed has faced unprecedented political pressure from the Trump administration for not being more aggressive in cutting interest rates. On Wednesday, at a luncheon hosted by the Atlanta Economic Club, he candidly stated that although the slowdown in job growth increases decision-making difficulties, inflation remains a “more clear and urgent risk,” and warned that pushing interest rates toward neutral or stimulative levels “could inject fresh blood into the inflation beast.” He did not mention his retirement decision during the speech.