News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Economics

First Black Fed president warns of the economic toll of systemic racism

National upheaval coincides with shifting focus at central bank; ‘We are a different Fed,’ Atlanta’s Raphael Bostic says

Raphael Bostic, the Federal Reserve Bank of Atlanta’s president, is shining a light on how economic and social upheaval have changed how the central bank talks and thinks about racial and economic inequality.

Bostic, an economist whose work has focused on racial disparities in access to capital, has helped lead those public discussions as the first Black president to lead one of the 12 regional reserve banks in the system’s 106-year history.

WSJ Logo