Richmond Fed names McKinsey's Thomas Barkin as its next president

Richmond Fed names Thomas Barkin, a McKinsey partner, to be its next president.  Barkin has a background in "helping financial institutions," according to his McKinsey bio. Community activists criticize the Richmond Fed for failing to embrace a more diverse, less industry-friendly appointment.  The post has been open since April, when Jeffrey Lacker resigned due to a leak scandal. The Federal Reserve Bank of Richmond has named Tom Barkin, a partner at the consulting giant McKinsey &...