BlackRock’s Rieder the latest candidate to interview in Fed chair search
Rick Rimer, Blackrock Senior General Manager, Global Fixed Revenue Chief Investment Officer speaks at the Alpha Conference in New York on 28 September 2023.
Adam Jeffery | CNBC
The search for the White House for the next federal reserve chair continues to bend and spin with the last hot candidate of Blackrock Bond Chief Rick Rick Rick.
Management Sources told CNBC that asset management giant’s giant global fixed income was the chief investment officer of the Trump administration on Friday, the Treasury Secretary Scott Bessent, Point Man for Jerome Powell’s successor.
“Whoever has a FED chair, there is too many innovative things,” Riederder said during his CNBC view. He said.
The sources said that the discussion with Rieder focused on the monetary policy as well as structural issues related to the Central Bank. Bessent clearly stated that he wants to see the basic changes not only in the new leadership in the FED, but also in the form of work.
In addition to his interview, Bessent, former Fed governors Kevin Warsh and Lawrence Lindsey and St. James Bullard, who served as the president of Louis Fed.
Trump, past and current FED officials, Wall Street strategists and leading economists, including 11 candidates, including 11 candidates gave very little sign of the preference. Like Powell, Rieder would offer a separation from the traditional central bank chiefs in the economy.
The FED gathered next week, the markets have been waiting for the first interest rate to decrease since December 2024. Trump demanded higher rates that damaging the housing market and increasing borrowing costs for the government.
