Richmond Fed President: Federal Reserve policymakers do not always march in lockstep with the chairman.

date
16/07/2025
President of the Richmond Federal Reserve Bank Tom Barkin said he believes the next chair of the Federal Reserve will pursue the monetary policy most beneficial to the economy, but he also pointed out that the committee responsible for setting interest rates at the Federal Reserve does not always align with the chair. Barkin said at an event in Baltimore on Tuesday: "I hope and believe that person will strive to craft the best policy for the country."