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ChainCatcher News, according to “Fed mouthpiece” Nick Timiraos, Atlanta Fed President Raphael Bostic announced on Wednesday that he will retire when his current five-year term expires at the end of February next year. It is reported that Bostic’s departure will weaken the hawkish voice within the Federal Reserve during a politically sensitive period. As a president who has never voted against policy decisions, his stance is usually close to the center of the rate-setting committee. Three years ago, Bostic came under scrutiny for not strictly adhering to senior official oversight regulations when disclosing personal financial transactions. At that time, he still received support from the board. Two other Fed presidents resigned in 2021 after being reviewed for financial statement issues. According to insiders at the Federal Reserve, the financial restatement incident has cast doubt on Bostic’s prospects for reappointment, especially as Trump and his allies continue to question the Fed’s credibility. This year, the Federal Reserve has faced unprecedented political pressure from the Trump administration for not cutting rates more aggressively. At a luncheon at the Atlanta Economic Club on Wednesday, he stated bluntly that although slower job growth makes decision-making more difficult, inflation remains “a clearer and more urgent risk,” and warned that pushing rates to neutral or stimulative levels “could inject new blood into the inflation beast.” He did not mention his retirement decision in the speech. Risk Warning

Jinse Finance reported that, according to market sources, a majority of members in the U.S. House of Representatives have voted in favor of advancing legislation to reopen the federal government, with voting still ongoing.