Tom Barkin is the president and CEO of the Federal Reserve Bank of Richmond, where he is responsible for monetary policy, bank supervision, payment services and the Fed’s National IT organization. He has held this position since 2018.
Tom serves as a voting member in 2021 on the Fed’s chief monetary policy body, the Federal Open Market Committee. He is “on the ground” continually in the Fed’s Fifth District, which covers South Carolina, North Carolina, Virginia, D.C., West Virginia and Maryland. His engagement in the region has brought real attention to areas facing economic challenges.
Prior to joining the Richmond Fed, Tom was a senior partner and CFO at McKinsey & Company, a worldwide management consulting firm, where he also oversaw McKinsey’s offices in the southern United States. He served on the board of directors of the Atlanta Fed from 2009 to 2014 and was the board’s chairman from 2013 to 2014.
Tom earned his bachelor’s, MBA and law degrees from Harvard University.
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Tom is passionate about engaging firsthand with business, civic and community leaders in the regions served by the Richmond Fed, to gain insight into how they are faring. Click on the shaded areas of this interactive map to learn more about his travels, and follow the hashtag #AroundOurDistrict on social media for up-to-date news on his visits and on the Bank's work in our communities.
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President Tom Barkin talks about who is on the sidelines of the labor market, what’s keeping them there, and how we can remove barriers in their way.
President Tom Barkin talks about the merits of outcome-based, rather than date-based, forward guidance.
President Tom Barkin shares innovative strategies and success stories from small towns around the Fifth District.
President Tom Barkin spoke to the North Carolina Economic Development Association and discussed the economy, the pandemic, and prospects for boosting the economic recovery.
Tom provided an economic update and discussed inflation at the Greater Raleigh Chamber of Commerce Annual Partners Forum.
Tom Barkin provided an economic update for members of the West Virginia Chamber and answered questions about the rebounding workforce, supply chain and broadband needs, and the impact of the pandemic.
Tom Barkin provided an outlook on monetary policy and discussed labor market scarring, deflation and more with GIC Chair Emeritus Don Rissmiller during GIC's Executive Briefing.
Tom was featured in an interview with Carolina Business Review about the pandemic’s long-term impact on business, the economy and related issues.
Tom Barkin offered economic insights related to the ongoing pandemic during this 19th annual forum, hosted by the North Carolina Chamber and the North Carolina Bankers Association.
Tom Barkin shared economic insights during this economic outlook event hosted by the University of South Carolina's Darla Moore School of Business
Tom Barkin served as a guest speaker during the Lynchburg Regional Business Alliance's Economic Summit in early December 2020.
Chamber RVA hosted this fourth installment of its Shared Values Summit on Nov. 30. Richmond Fed President Tom Barkin and Atlanta Fed President Raphael Bostic engaged Chamber participants in a discussion about systemic changes that will be necessary to build solutions for economic mobility and growth.
Richmond Fed President Tom Barkin and Federal Reserve Bank of San Francisco's President Mary Daly participated in a virtual conversation during the second annual conference Promoting Growth and Prosperity Through the Banking Industry: the Power of Gender Diversity in the Boardroom and C-Suite. The Richmond Fed hosted the event in collaboration with Bank on Women, Inc.
“Richmond Fed president tells Fredericksburg chamber members there's hope for small businesses”
As part of the Richmond Fed’s inaugural Rural America Week in early October 2020, President Tom Barkin discussed the importance of HBCUs with North Carolina A&T University alum and lauded entrepreneur Geoff Foster, founder and CEO of Core Technology Corp., based in Greensboro, NC.
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