US Treasury Secretary Says Trump to Select Fed Chair in January

President Trump is set to interview BlackRock executive Rick Rieder as the fourth and final candidate for Federal Reserve Chair, with a decision due in January.

Summary

President Donald Trump will interview Rick Rieder, BlackRock’s Global Fixed Income Chief Investment Officer, for the position of Federal Reserve Chair. This marks the fourth and final interview for Jerome Powell’s successor, with the appointment decision expected in January.

Terms & Concepts
  • Federal Reserve Chair: The head of the U.S. central bank, responsible for setting monetary policy and overseeing the Federal Reserve System.