Fed official announces surprise retirement, opening new avenue for Trump influence at central bank

1. Raphael Bostic will retire as Atlanta Fed president early next year. 2. His tenure faced scrutiny due to a trading scandal during the pandemic. 3. The next president's appointment may align with Trump's interest rate agenda. 4. Bostic aimed for cautious interest rate policies, opposing aggressive cuts. 5. A search committee will seek his successor, approved by the Fed board.