ATLANTA - The president and chief executive officer of the Federal Reserve Bank of Atlanta will retire at the end of his current term, he announced Wednesday.

What we know:

Dr. Raphael W. Bostic’s last day in office will be Feb. 28, according to the Federal Reserve. Bostic, the bank’s 15th president, has served since June 5, 2017, and was the first African American and openly gay president of a regional Federal Reserve Bank in its 111-year history.

Why you should care:

In his role, Bostic oversees all the bank’s activities, including monetary policy, bank supervision and payment services. He also serves on the Federal Open Market Committee, the monetary policymaking body of the Federal Reserve System.

What they're saying:

"It's been my distinct honor and privilege to lead the Atlan

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