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At a global leader in alternatives today, Pigem is capturing the potential of tomorrow.

So as you look to diversify your portfolio, Pigeum offers expertise in seeding, developing and managing a broad range of liquid and illiquid strategies.

With over $320 billion in alts across public and private. and managing a broad range of liquid and illiquid strategies.

With over $320 billion in alts across public and private markets,

we are helping clients achieve their long-term goals.

Pigeum, our investments shape tomorrow today.

Bloomberg Audio Studios, Podcasts Radio News.

This is Masters in Business with Barry Rittholz on Bloomberg Radio.

This week on the podcast, another extra special guest, Richmond Federal Reserve President and CEO Tom Barkin.

He's been a member of the Richmond Fed since 2018.

He is also on the Federal Open Markets Committee and is responsible for a variety of Richmond Fed technology and bank supervision.

Previously, Tom has spent 30 years at McKinsey, where eventually he became Chief Risk Officer and then Chief Financial Officer.

I found this conversation absolutely fascinating.

He's a super intelligent, thoughtful guy, very well versed in business, economics, and monetary policy. I think you will find this conversation to be both timely and fascinating.

With no further ado, my conversation with FOMC committee member and president of the Richmond Federal Reserve Bank,

Tom Barkin.

Very, thanks for having me here.

What a perfect resume and a perfect person to talk about the state of the world today.

Before we go there, let's just dip into your background. You're a triple threat. Bachelors, MBA,

and J.D. Oll from Harvard. What was the original career plan? Well, it wasn't that. I grew up in

Tampa, went to a public school there, applied to a few southern schools and Harvard because it had a

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