BlackRock executive Rick Reed's ranking on the list of candidates for Federal Reserve Chair has risen, and Treasury Secretary Basant has personally interviewed him
Rick Reed, head of BlackRock's fixed income business, has risen in the rankings for the Federal Reserve Chair candidate list. U.S. Treasury Secretary Scott Basset has conducted a two-hour interview with Reed to discuss core issues such as monetary policy and regulation. Basset has highly praised Reed's market experience and understanding of economic dynamics. Basset has spoken with four candidates and expects the list to increase by one to two candidates
According to reports, Rick Rieder, head of fixed income at asset management giant BlackRock, is rising in the ranks of candidates to "succeed Powell as the next Federal Reserve Chairman."
According to a government official, U.S. Treasury Secretary Scott Bessent conducted a two-hour interview with Rieder in New York, discussing core topics including monetary policy, the structure of the Federal Reserve, and regulatory oversight.
A person familiar with Bessent's thoughts revealed that Bessent highly values Rieder's extensive market experience, his ability to lead large investment teams, his precise grasp of micro and macroeconomic dynamics, and his unique perspective in assessing economic conditions using a forward-looking framework.
So far, Bessent has completed discussions with four of the eleven publicly listed candidates for the Federal Reserve Chair position, and it is expected that the list will increase by one or two more candidates.
Additionally, reports on Thursday indicated that this week, Bessent also met with several candidates from the list nominated by U.S. President Donald Trump for the next Federal Reserve Chair, including former Federal Reserve Governor Laurence Lindsey, Kevin Warsh, and former St. Louis Fed President James Bullard
