In this episode of Masters in Business, Barry Ritholtz interviews Tom Barkin, President and CEO of the Richmond Federal Reserve Bank, about his career path from Harvard to McKinsey to the Fed, the challenges of monetary policy in a volatile economic environment, and the unique aspects of the Richmond Fed district. Barkin discusses the importance of balancing data with on-the-ground observations, the impact of remote work on real estate, and the factors influencing inflation and interest rate decisions. He also shares his perspective on the role of the Fed in managing economic uncertainty and the need for both conviction and humility in policymaking.
