Skip to content
Subscriber Only

Fed Ethics Questions Spread to Barkin on McKinsey’s Opioid Role

  • Washington group CEPR blasts Barkin over past jobs at McKinsey
  • No evidence he was involved in firm’s work with opioid maker
Thomas Barkin
Thomas BarkinSource: Federal Reserve Bank of Richmond

Amid a trading scandal that’s forced two regional Federal Reserve bank presidents to resign and raised questions about governance at the U.S. central bank, a public advocacy group has aired concerns about a third regional chief and the job he held before joining the Fed.

In a report entitled “The Other Ethics Issues at the Fed Regional Banks,” the Center for Economic Policy and Research took aim at Richmond Fed President Thomas Barkin for his past roles at McKinsey & Co. Barkin held several senior posts at the global consulting firm, including six years as chief financial officer and three years as chief risk officer.