President Trump to interview BlackRock CIO Rick Rieder for Federal Reserve Chair.
President Trump is scheduled to interview Rick Rieder, BlackRock's Chief Investment Officer (CIO) for global fixed income, this week as a potential candidate for the next Federal Reserve Chair. Rieder is considered a top contender to replace current Chair Jerome Powell, whose term as chair ends in May 2026.
Candidates and Process
Rick Rieder is one of several individuals on the shortlist for the position. He brings substantial Wall Street experience, managing approximately $2.4 trillion in assets at BlackRock, and frequently comments on monetary policy.
The other finalists President Trump is expected to interview or has interviewed include:
Kevin Warsh, a former Fed Governor.
Kevin Hassett, the Director of the White House National Economic Council and a front-runner for the top job.
Christopher Waller, a current Fed Governor.
Trump is expected to announce his final selection for the position later this month.
The selection process has drawn significant attention due to the potential for a major shift in U.S. monetary policy and concerns about the Federal Reserve's independence amid an ongoing Justice Department investigation into Chair Powell related to building renovations.
The investigation has prompted some Republican senators to state they will oppose any Trump nominees to the Fed until the legal matter is resolved.
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