Raphael Bostic is the president and chief executive officer of the Federal Reserve Bank of Atlanta. In President Bostic’s first appearance on the show, he discusses his love of birding, what that teaches him about central banking, the unique role of the Federal Reserve Bank of Atlanta, switching for FIT to FAIT back to FIT, what to do about inflation, the importance of globalization, rising fiscal pressures, and much more.

Check out the transcript for this week’s episode, now with links.

Recorded on September 23rd, 2025

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Timestamps

00:00:00 - Intro

00:01:34 - Birding

00:06:07 - Birding's Connection to Central Banking

00:09:05 - Atlanta Fed

00:15:27 - Fed Framework Revisions

00:24:31 - Inflation

00:32:23 - Forecasted Long-Run Federal Funds Rate

00:37:43 - Globalization

00:39:13 - Fiscal Pressures

01:03:39 - Outro

Raphael Bostic on Life as a Regional Fed President, the Responsibilities of a Dual Mandate, and the Results of the 2025 Framework Review

Macro Musings with David Beckworth