Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said he often heard speculation that he might be nominated to lead the Federal Reserve.

"I hear that a lot," he said in an interview with Axios.

President Joe Biden has not yet revealed who he will nominate for chairman of the Federal Reserve. But as the first black to become a regional Fed governor, Bostic would make history again if nominated. The term of office of Jerome Powell, the current Fed chairman, expires in February.

According to a Bloomberg survey in April, about 3/4 of economists expect Biden to keep Powell in office. Powell avoided answering questions when asked if he would stay in office for another four years, giving the impression that he wanted to stay at the helm of the Fed.

Axios reported that when asked hypothetically what kind of Fed chairman he would be, Bostic said that if he could lead the Fed, he would do something "different" from the past.

Bostic has in the past shunned questions about a possible job in the Biden administration, saying it was not his focus. He answered the hypothetical question when pressed further this time.

"I will have my own personal way. I will encourage participation. I will ask for advice and try not to put on the air of the chairman. "