BlackRock executive Rick Rieder's ranking on the Federal Reserve Chairman candidate list has risen, and Treasury Secretary Besant has personally interviewed him.
BlackRock's Head of Fixed Income Business, Rick Rieder, is rising in the list of candidates to succeed Powell and become the next Chairman of the Federal Reserve.
According to reports, Rick Rieder, the head of fixed-income business at asset management giant BlackRock, has been rising in the list of candidates to succeed Jerome Powell as the next Federal Reserve chairman.
According to a government official, U.S. Treasury Secretary Scott Bessent interviewed Rieder for two hours in New York, with discussions covering core issues such as monetary policy, the structure of the Federal Reserve, and regulatory oversight.
A source familiar with Bessent's thinking revealed that Bessent highly values Rieder's extensive market experience, ability to lead large investment teams, precise understanding of micro and macroeconomic dynamics, and unique perspective on assessing economic situations using a forward-looking framework.
So far, Bessent has held meetings with 4 out of the 11 candidates listed publicly as potential Federal Reserve chairman candidates, with expectations of adding 1 to 2 more candidates to the list.
On Thursday, it was reported that this week, Bessent also met with several candidates on President Donald Trump's list of nominees for the next Federal Reserve chairman, including former Federal Reserve board member Laurence Lindsey, Kevin Warsh, and former St. Louis Fed President James Bullard.
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