Donald Trump to Interview BlackRock Executive Rick Rieder for Federal Reserve Chair
President Trump’s upcoming meeting with Rick Rieder marks the final stage in selecting Jerome Powell’s successor as Federal Reserve Chair, with a decision anticipated in January.
Summary
U.S. President Donald Trump will interview BlackRock Global Fixed Income CIO Rick Rieder this week as the fourth and final contender for the Federal Reserve Chair position. This meeting concludes the candidate review process to find Jerome Powell’s successor, with a final decision expected in January. Previous interviews included Kevin Warsh, Kevin Hassett, and Christopher Waller.
Terms & Concepts
- Federal Reserve Chair: The head of the U.S. Federal Reserve, responsible for guiding monetary policy and overseeing the central bank.
- BlackRock: A global investment management firm that manages trillions of dollars in assets, including equities, bonds, and alternative investments.