Richmond Fed President: Federal Reserve Policymakers Do Not Always Align with the Chair

According to a report by Jinse Finance, Richmond Federal Reserve Bank President Tom Barkin stated that he believes the next Federal Reserve Chair will pursue monetary policies that are most beneficial to the economy. However, he also pointed out that the committee responsible for setting interest rates at the Fed does not always align with the Chair. Speaking at an event in Baltimore on Tuesday, Barkin said, “I hope and believe that this person will strive to formulate the best policies for the country.”