"We're trying to control what we can control": A Fed president reflects
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 24 February 2026
⏱️ 25 minutes
🧾️ Download transcript
Summary
Raphael Bostic, president of the Atlanta Federal Reserve Bank since 2017, will step down from his post this week. “Marketplace” host Kai Ryssdal spoke with Bostic about where he sees inflation and the labor market headed, and how the central bank is weighing it all. In this episode, we bring you some of their conversation. Plus: Meta announces $100 billion deal with chipmaker AMD, and average tariffs on Chinese goods come down after SCOTUS ruling.
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Transcript
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| 0:00.0 | Turns out central bankers aren't all about monetary policy. |
| 0:06.2 | I've actually been a model for a skateboard company. |
| 0:10.8 | The president of the Atlanta Fed on the program today, embarrassing stories and all. |
| 0:18.1 | From American Public Media, this is Marketplace. |
| 0:27.4 | From the studios of Georgia Public Broadcasting, today I'm Kyle. |
| 0:35.1 | It is Tuesday, the 24th day of February. Good as always. |
| 0:38.8 | Have you along, everybody. All right. So to be fair to Rafael Bostick, the skateboarding modeling gig |
| 0:44.3 | was when he was a kid. But that is, in fact, how our interview started at an event this morning |
| 0:49.7 | here in Atlanta. After nine years, Saturday is Bostick's last day on the job, running one of the |
| 0:55.8 | 12 regional Federal Reserve banks and on a rotating basis voting on interest rate policy. So we |
| 1:01.6 | started with him not getting to do that anymore. The first thing I want to ask you is not that, |
| 1:08.8 | not that you're done, done, but what was it like leaving your last FOMC meeting, |
| 1:15.8 | knowing that you were on your way out? |
| 1:18.6 | Yeah, you don't know this. |
| 1:19.7 | So the last FMC meeting, I took virtually. |
| 1:23.2 | Yeah, I figured I would have. |
| 1:24.0 | It was in January, |
| 1:29.1 | and that was a time when they had the ice storm, |
| 1:33.5 | and I had three flights canceled trying to get up there, |
| 1:38.3 | and so I figured three strikes you out, and I was just, so I dialed in. |
| 1:47.3 | So it was kind of surreal to have the last few statements, from a distance and not be able to see people in, in the room. Um, but it, but, you know, it's funny when, when you |
| 1:53.3 | know it's the last time you're going to say things is that you're going to make a different |
... |
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