WASHINGTON, March 13 University of Southern
California economics professor Raphael Bostic, an expert on
housing issues and former senior economist at the Fed's Board of
Governors, has been named the new president of the Atlanta
Federal Reserve bank.
The appointment of Bostic, 50, comes amid calls for the Fed
to diversify its leadership. He will become the only African
American among Fed policymakers. From 2009 to 2012 he was an
assistant secretary at the U.S. Department of Housing and Urban
Development, where he spearheaded efforts against housing
discrimination based on sexual orientation.
(Reporting by Howard Schneider; Editing by Andrea Ricci)