## The Fed Chair Search Heats Up: Is Rick Rieder Next?
The hunt for the next Federal Reserve chair is ongoing, and the latest name making waves is Rick Rieder, BlackRock’s bond chief. Here’s a quick rundown of the situation:
- **Rieder in the Running:** Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, interviewed with Treasury Secretary Scott Bessent, the Trump administration’s key figure in the search.
- **Policy Focus:** The interview covered monetary policy and structural issues within the central bank. Bessent is reportedly looking for significant changes at the Fed.
- **Other Candidates:** Bessent has also spoken with former Fed Governors Kevin Warsh and Lawrence Lindsey, and James Bullard, former president of the St. Louis Fed.
- **Trump’s Preference Unknown:** President Trump hasn’t publicly stated his preference from a list of 11 potential candidates.
- **Non-Traditional Background:** 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 its first interest rate cut since December 2024, a move Trump has been pushing for.
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