## The Fed Chair Search Heats Up: Is Rick Rieder Next?
The search for the next Federal Reserve chair is heating up, and the latest name in the mix is Rick Rieder, BlackRock’s bond chief. Here’s a quick rundown of the situation:
- Rieder’s Interview: 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.
- Focus of Discussion: The interview reportedly covered monetary policy and structural issues within the Federal Reserve.
- Other Candidates: Bessent has also spoken with former Fed Governors Kevin Warsh and Lawrence Lindsey, as well as James Bullard.
- Trump’s Preference: President Trump hasn’t publicly stated his preference, but the list of potential candidates is diverse.
- Departure from Tradition: Like current chair Jerome Powell, Rieder doesn’t have a PhD in economics, potentially signaling a shift in the Fed’s leadership style.
- Market Context: The Fed is expected to announce its first interest rate cut since December 2024 at its next meeting, a move Trump has been pushing for.
For more details, check out the original article.