## The Fed Chair Search Heats Up: Is BlackRock’s Rick Rieder in the Running?
The hunt for the next Federal Reserve chair is heating up, and it looks like the White House is considering some interesting candidates. Here’s a quick rundown of the latest developments:
- Rick Rieder, BlackRock’s bond chief, is a top contender: He reportedly interviewed with Treasury Secretary Scott Bessent, the Trump administration’s key figure in the selection process.
- The interview focused on monetary policy and structural changes: Bessent is looking for not just a new leader, but also potential overhauls to the Fed’s operations.
- Other candidates are also being considered: Bessent has also spoken with former Fed Governors Kevin Warsh and Lawrence Lindsey, as well as James Bullard.
- Trump’s preference remains unclear: The President has a list of 11 potential candidates, including both traditional and non-traditional backgrounds.
- The Fed is expected to cut interest rates soon: The market anticipates a rate cut at the next meeting, a move Trump has been pushing for.
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