[Federal Reserve's Bostic: The Independence of the Fed Has Been Eroded] According to a report by Jinse Finance, Atlanta Federal Reserve President Raphael Bostic stated on Wednesday that the rift between the Federal Reserve and the White House has begun to erode public trust in the central bank's apolitical stance. This is one of the most direct warnings to date from a senior monetary policy official about the consequences of former President Trump's hardline stance toward the Federal Reserve. In a farewell article written ahead of his retirement from the Atlanta Fed at the end of February, Bostic noted that his colleagues within the Federal Reserve system remain committed to keeping their work separate from politics. "But my visits over the past few months have made it clear that the legal and rhetorical battles surrounding the central bank have led people from all walks of life to start questioning the Fed's independence, which is deeply concerning," he said. Bostic is not the only Federal Reserve official this year to emphasize the importance of central bank independence, but no one has issued as direct a warning as he did on Wednesday, stating that the current series of controversies could undermine public trust in the institution.