## The Fed Chair Search Heats Up: Is BlackRock’s Rick Rieder the Next Contender?
The search for the next Federal Reserve chair is ongoing, with the Trump administration actively interviewing potential candidates. Here’s a quick rundown of the latest developments:
- **Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, is a top contender.** He interviewed with Treasury Secretary Scott Bessent, the administration’s lead on the matter.
- **The interview focused on monetary policy and structural issues within the Fed.** Bessent is reportedly looking for both new leadership and significant changes in how the Fed operates.
- **Other candidates interviewed include former Fed Governors and the President of the St. Louis Fed.** The administration is considering a diverse range of candidates.
- **Trump has not publicly stated his preference.** The list of potential candidates is extensive, including individuals from various backgrounds.
- **The Fed is expected to cut interest rates next week.** Trump has been pushing for larger cuts, citing concerns about the housing market and government borrowing costs.
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