Market Weekly: Nov 30 Dec 1 2017


The board of the Richmond Fed has named senior McKinsey & Co. executive Thomas Barkin as its next president. He’s succeeding Jeffrey Lacker, who resigned earlier this year amid his involvement in 2012 leak of confidential information.

Somewhat notable is that this is the first time the Richmond Fed has brought in somebody from outside the bank as its president.

Barkin will have a vote on the FOMC next year.