Uploaded October 2025 | Updated September 2026, 2 weeks ago

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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 (mercatus.org/macro-musings/raphael-bostic-life-regional-fed-president-responsibilities-dual-mandate-and-results) 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