## The Fed Chair Search Heats Up: Is BlackRock’s Rick Rieder Next?
The hunt for the next Federal Reserve chair is heating up, with a new frontrunner emerging: Rick Rieder, the chief investment officer of global fixed income at BlackRock. Here’s a quick rundown of the latest developments:
- **Rieder in the Running:** Rick Rieder interviewed with Treasury Secretary Scott Bessent, the Trump administration’s key player in the search.
- **Policy Focus:** The interview covered monetary policy and potential structural changes within the Fed.
- **Other Candidates:** Bessent has also spoken with former Fed Governors Kevin Warsh and Lawrence Lindsey, and James Bullard.
- **Trump’s Preference:** The President hasn’t publicly revealed his preferred candidate from a list of 11, which includes a diverse range of backgrounds.
- **Departure from Tradition:** Like current chair Jerome Powell, Rieder doesn’t hold a PhD in economics, potentially signaling a shift in leadership style.
- **Rate Cut Anticipation:** The Fed is expected to announce the first interest rate cut since December 2024 at its next meeting, a move Trump has been pushing for.
For more details, you can read the original article [here](insert_link_here).