## Fed Chair Search Heats Up: Rick Rieder Enters the Fray
The search for the next Federal Reserve chair is heating up, with several potential candidates being interviewed by the Trump administration. BlackRock’s Rick Rieder, the chief investment officer of global fixed income, is the latest name to surface as a possible contender.
Here’s a quick rundown of the situation:
- **Rick Rieder Interviewed:** Rieder, a bond chief at BlackRock, interviewed with Treasury Secretary Scott Bessent, the administration’s point person for the Fed chair selection.
- **Focus of Discussion:** The interview covered monetary policy and structural issues within the central bank.
- **Other Candidates:** Bessent has also spoken with former Fed Governors Kevin Warsh and Lawrence Lindsey, as well as James Bullard.
- **Trump’s Preference:** The President has not publicly stated his preference, but the list of potential candidates includes a diverse group.
- **Departure from Tradition:** Like current chair Jerome Powell, Rieder does not hold a PhD in economics, which would be a departure from tradition.
- **Upcoming Fed Meeting:** The Fed is expected to meet next week, with markets anticipating an interest rate cut. Trump has been pushing for larger cuts.
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