Thomas Barkin

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Definition of 'Thomas Barkin'

Thomas Barkin is an American economist and business executive who currently serves as the President and CEO of the Federal Reserve Bank of Richmond. He assumed the position in January 2018, succeeding Jeffrey Lacker.

Prior to joining the Federal Reserve, Barkin worked in various senior leadership roles at McKinsey & Company, one of the world's leading management consulting firms. He also served as the CFO of the global payment processing company First Data Corporation.

Barkin holds a bachelor's degree in Economics from the University of North Carolina at Chapel Hill and an MBA from Harvard Business School. He has also served on the boards of various nonprofit organizations, including the Atlanta Symphony Orchestra and the Georgia Conservancy.

As the head of the Richmond Fed, Barkin is a voting member of the Federal Open Market Committee (FOMC), which sets monetary policy for the United States. In this role, he helps to formulate policies aimed at achieving the Fed's dual mandate of price stability and maximum employment.

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