Trump Considers BlackRock’s CIO Rick Rieder for Fed Chair Role

Fed Shakeup?

Rick Rieder, BlackRock CIO, has joined the list of 11 candidates being considered to replace Fed Chair Jerome Powell when his term expires next May. Other notable names include Jefferies’ David Zervos, former Fed Governor Larry Lindsey, and current Fed leaders Michelle Bowman, Chris Waller, and Philip Jefferson.

Some candidates, including Rieder, have voiced support for a rate cut, aligning with Trump’s push for looser policy. Treasury Secretary Scott Bessent will interview all candidates before creating a shortlist for President Trump’s final decision.

No announcement is expected soon, but the lineup signals potential shifts in Fed policy and market sentiment.